Gold prices declined on Monday, with 24-carat gold trading at ₹8,983.3 per gram, down by ₹10.0 from the previous day. Similarly, 22-carat gold was priced at ₹8,236.3 per gram, also registering a ₹10.0 drop. Over the past week, the price of 24-carat gold has fallen by 2.18%, and in the last month, it has declined by 4.14%.
Meanwhile, silver prices also dipped, with 1 kg of silver priced at ₹1,06,000, reflecting a decrease of ₹100.0 from the previous day.
City-Wise Gold and Silver Rates
Delhi
Gold: ₹89,833 per 10 grams (down from ₹89,963 on March 16)
Silver: ₹1,06,000 per kg (down from ₹1,06,200 on March 16)
Chennai
Gold: ₹89,681 per 10 grams (down from ₹89,811 on March 16)
Silver: ₹1,14,600 per kg (down from ₹1,14,800 on March 16)
Mumbai
Gold: ₹89,687 per 10 grams (down from ₹89,817 on March 16)
Silver: ₹1,05,300 per kg (down from ₹1,05,500 on March 16)
Kolkata
Gold: ₹89,685 per 10 grams (down from ₹89,815 on March 16)
Silver: ₹1,06,800 per kg (down from ₹1,07,000 on March 16)
MCX Gold and Silver Futures
Gold (June 2025 Futures): Trading at ₹88,680 per 10 grams, down by 0.203%.
Silver (July 2025 Futures): Trading at ₹1,02,243 per kg, down by 0.193%.
Factors Influencing Gold and Silver Prices
Gold and silver prices are influenced by multiple factors, including:
- Global demand and supply dynamics
- Fluctuations in currency exchange rates
- Interest rate changes
- Government policies and central bank actions
- Economic conditions and geopolitical uncertainties
- Strength of the US dollar against other currencies
Investors and consumers should monitor these elements closely, as they play a crucial role in shaping market trends and price movements.
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