On November 14, 2024, gold prices experienced a dip across key Indian cities, continuing a trend seen over the past week. In Delhi, the price of 10 grams of 24-carat gold was recorded at ₹77,013, marking a ₹450 decrease from the previous day’s price of ₹77,463. Additionally, the price of silver in Delhi stood at ₹94,000 per kilogram, reflecting a slight reduction of ₹100 from yesterday’s rate.
As of today, the price of 24-carat gold in Delhi is ₹7,701.30 per gram, which is ₹10 lower than yesterday’s rate. Similarly, the price of 22-carat gold is ₹7,061.30 per gram, also down by ₹10. Over the past week, the price of 24-carat gold has declined by 2.81%, while in the last month, the change has been minimal, with a slight increase of 0.13%. Meanwhile, silver prices in Delhi are currently at ₹94,000 per kilogram, showing a decline of ₹100.
Gold Rates Across Other Major Cities
In Chennai, gold is priced at ₹76,861 for 10 grams, which is a decrease from ₹77,311 yesterday and ₹79,491 last week. The rate for silver in Chennai is ₹103,800 per kilogram, down from ₹102,700 yesterday and ₹105,700 last week.
Mumbai’s gold rate for 10 grams today is ₹76,867, showing a drop from ₹77,317 yesterday and ₹79,497 last week. The price of silver in Mumbai is ₹93,300 per kilogram, down slightly from ₹93,400 yesterday and ₹96,400 last week.
In Kolkata, the gold rate for 10 grams is ₹76,865, a decrease from ₹77,315 yesterday and ₹79,495 last week. The price of silver in Kolkata is ₹94,800 per kilogram, down from ₹94,900 yesterday and ₹97,900 last week.
Futures Market Trends
Looking at the futures market, gold for December 2024 delivery is trading at ₹73,819 per 10 grams, showing a minor decrease of ₹0.89. Silver for May 2025 delivery is priced at ₹92,050 per kilogram, reflecting a drop of ₹1.305.
Factors Impacting Gold and Silver Prices
The prices of gold and silver are influenced by a variety of factors, including domestic demand from jewelers, fluctuations in the global economy, changes in interest rates, and shifts in currency values. International factors, such as the overall strength of the US dollar and its impact on global gold demand, continue to play a significant role in shaping gold prices in India.
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