Gold and silver prices saw an increase today, with the price of 10 grams of 24-carat gold reaching ₹77,253 in Delhi, while silver prices surged to ₹94,700 per kilogram.
Gold Price Update
On Wednesday, November 20, 2024, the price of 24-carat gold increased by ₹760, bringing it to ₹7,725.30 per gram. Similarly, the price of 22-carat gold rose by ₹700, now standing at ₹7,083.30 per gram. Over the past week, the price of 24-carat gold has risen by 1.58%, and compared to a month ago, it has increased by 5.29%.
Silver Price Update
Silver prices also saw a notable rise today, with the price of silver climbing by ₹2,200 to ₹94,700 per kilogram. This marks a significant change from yesterday’s price of ₹92,500 per kilogram and last week’s rate of ₹94,000 per kilogram.
City-Specific Gold and Silver Prices
Delhi
- Gold: ₹77,253 per 10 grams (up from ₹75,813 on November 19, 2024)
- Silver: ₹94,700 per kilogram (up from ₹92,500 on November 19, 2024)
Chennai
- Gold: ₹77,101 per 10 grams (up from ₹75,661 on November 19, 2024)
- Silver: ₹103,800 per kilogram (up from ₹101,600 on November 19, 2024)
Mumbai
- Gold: ₹77,107 per 10 grams (up from ₹75,667 on November 19, 2024)
- Silver: ₹94,000 per kilogram (up from ₹91,800 on November 19, 2024)
Kolkata
- Gold: ₹77,105 per 10 grams (up from ₹75,665 on November 19, 2024)
- Silver: ₹95,500 per kilogram (up from ₹93,300 on November 19, 2024)
Futures Market
As of the latest trading, April 2025 MCX gold futures are priced at ₹77,003 per 10 grams, reflecting an increase of ₹1.11. Silver futures for May 2025 are trading at ₹94,611 per kilogram, showing a rise of ₹0.60.
Factors Affecting Prices
Gold and silver prices are influenced by various factors, including demand from major jewelers, global economic conditions, currency fluctuations, interest rates, and government policies. The strength of the US dollar against other currencies also plays a key role in shaping the Indian market’s gold rates.
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