Gold and silver prices held steady today, providing a reliable investment update for interested buyers. The rate for 24-carat gold is currently at Rs.8,057.3 per gram, while 22-carat gold costs Rs.7,382.3 per gram.
Over the past week, the 24-carat gold rate has increased by 0.07%, though it has seen a decline of 3.4% over the last month. Silver prices stand at Rs.100,100 per kilogram today.
Gold and Silver Prices in Key Indian Cities:-
Delhi
Gold: Today’s rate for 10 grams of gold in Delhi is Rs.80,573, the same as yesterday. Last week, on 30-10-2024, the rate was Rs.80,633 for 10 grams. Silver: Silver in Delhi is priced at Rs.100,100 per kg today, with last week’s price at Rs.102,200 per kg.
Chennai
Gold: In Chennai, 10 grams of gold is priced at Rs.80,421 today, identical to yesterday’s rate. Last week, the price was Rs.80,481. Silver: Silver costs Rs.108,700 per kg in Chennai, with last week’s rate at Rs.110,800 per kg.
Mumbai
Gold: Gold in Mumbai is Rs.80,427 for 10 grams today, consistent with yesterday’s price. Last week, it stood at Rs.80,487 for the same quantity. Silver: Silver in Mumbai is Rs.99,400 per kg today, down from last week’s rate of Rs.101,500.
Kolkata
Gold: Today’s rate for 10 grams of gold in Kolkata is Rs.80,425, which is the same as yesterday’s price. Last week, it was Rs.80,485. Silver: Silver is priced at Rs.100,900 per kg today in Kolkata, with last week’s rate at Rs.103,000 per kg.
MCX Futures Overview
As of the latest trading data, February 2025 gold futures on the MCX are at Rs.78,900 per 10 grams, marking a slight drop of 0.106%. Similarly, March 2025 silver futures are priced at Rs.96,629 per kg, down by 0.114%.
Factors Influencing Gold and Silver Prices
Gold and silver prices fluctuate due to multiple factors, including demand from prominent jewelers, currency value changes, interest rates, and government policies. Global events and economic trends, particularly the strength of the US dollar, also impact gold prices in India.
India's Forex Reserves Declines by $2 Billion to $688.27 Billion