Gold prices witnessed a slight increase on Monday, with the cost of 24-carat gold rising to Rs. 7,411.4 per gram, up by Rs. 145.0. Similarly, the cost of 22-carat gold increased to Rs. 6,788.8 per gram, up by Rs. 132.0.
Over the past week, there has been a 0.88% change in the price of 24-carat gold, while over the last month, the change has been -7.71%.
On the other hand, the cost of silver decreased to Rs. 83,900.0 per kilogram, down by Rs. 600.0 per kilogram.
In Delhi, today’s gold rate stands at Rs. 74,114.0/10 grams, whereas yesterday it was Rs. 74,549.0/10 grams, and last week it was Rs. 75,207.0/10 grams. The current silver rate in Delhi is Rs. 83,900.0/kg, compared to Rs. 84,500.0/kg yesterday and Rs. 85,400.0/kg last week.
Similarly, in Chennai, today’s gold rate is Rs. 74,114.0/10 grams, compared to Rs. 73,897.0/10 grams yesterday and Rs. 74,187.0/10 grams last week. The silver rate in Chennai today is Rs. 87,400.0/kg, compared to Rs. 88,000.0/kg yesterday and Rs. 88,900.0/kg last week.
In Mumbai, today’s gold rate is Rs. 74,694.0/10 grams, compared to Rs. 73,607.0/10 grams yesterday and Rs. 74,624.0/10 grams last week. The silver rate in Mumbai today is Rs. 83,900.0/kg, compared to Rs. 84,500.0/kg yesterday and Rs. 85,400.0/kg last week.
In Kolkata, today’s gold rate is Rs. 74,766.0/10 grams, compared to Rs. 74,332.0/10 grams yesterday and Rs. 75,280.0/10 grams last week. The silver rate in Kolkata today is Rs. 83,900.0/kg, compared to Rs. 84,500.0/kg yesterday and Rs. 85,400.0/kg last week.
On the futures market, the gold April 2024 MCX futures were trading at Rs. 70,899.0 per 10 grams, up by 1.012% at the time of publishing. Similarly, the silver May 2024 MCX futures were trading at Rs. 80,850.0 per kilogram, down by 0.016% at the time of publishing.
Fluctuations in gold and silver rates are influenced by various factors, including input from reputable jewelers, global demand for gold, currency exchange rates, interest rates, government regulations, and global economic conditions. Additionally, the strength of the US dollar against other currencies also plays a significant role in determining gold prices in the Indian market.
