Big Fall in Gold Prices: How Much Is It in Your City Today?
The price of 24-carat gold saw a reduction on Friday, with the current rate now at ₹7,680.3 per gram, marking a decline of ₹50. Similarly, the price for 22-carat gold also dropped by ₹50, settling at ₹7,041.3 per gram.
Over the past week, 24-carat gold has fluctuated by 0.31%, while a significant drop of 6.09% has been noted over the last month. Meanwhile, silver rates remained stable, with the price holding steady at ₹97,000 per kg.
Gold rates in major cities:
- Delhi: The current price of gold in the capital stands at ₹76,803 per 10 grams. On October 10, 2024, the rate was ₹77,613 per 10 grams, while a week earlier on October 5, 2024, it was ₹77,853.
- Chennai: Today’s gold price is ₹76,651 per 10 grams, down from ₹77,461 recorded on October 10, 2024, and ₹77,701 from the previous week.
- Mumbai: Gold rates in Mumbai are currently ₹76,657 per 10 grams, reflecting a drop from ₹77,467 on October 10, 2024, and ₹77,707 on October 5, 2024.
- Kolkata: The price of gold in Kolkata today is ₹76,655 per 10 grams. It was ₹77,465 on October 10, 2024, and ₹77,705 a week ago.
Silver rates in major cities:
- Delhi: The silver price today is ₹97,000 per kg, a slight decline from ₹99,000 yesterday and ₹98,000 last week.
- Chennai: Silver is currently priced at ₹1,02,600 per kg, down from ₹1,04,600 yesterday and ₹1,03,600 last week.
- Mumbai: In Mumbai, silver rates stand at ₹96,300 per kg, falling from ₹98,300 yesterday and ₹97,300 a week ago.
- Kolkata: The silver price today is ₹97,700 per kg, a decrease from ₹99,800 on October 10, 2024, and ₹98,800 on October 5, 2024.
On the MCX (Multi Commodity Exchange), gold futures for November 2024 were trading at ₹229.5 per 10 grams, reflecting a decrease of ₹16.393 at the time of reporting. Silver futures for December 2024 were slightly up, trading at ₹91,040 per kg, with an increase of ₹0.815.
Gold and silver prices are shaped by several factors, such as demand from major jewelers, currency exchange rates, interest rates, and government policies. Global economic conditions and the strength of the US dollar also play a significant role in determining gold rates in India.
