Gold Prices Rise Slightly Amid Market Fluctuations
Gold prices saw a slight rise on Sunday, with the current rate for 24-carat gold reaching Rs. 7,784.3 per gram, marking an increase of Rs. 260.0. Meanwhile, 22-carat gold is priced at Rs. 7,137.3 per gram, up by Rs. 240.0.
In the past week, 24-carat gold has experienced a price change of 1.34%, although it has seen a decrease of 1.94% over the past month.
Silver prices have also risen, currently standing at Rs. 100,100.0 per kg, an increase of Rs. 900.0.
Gold Prices in Major Indian Cities
Delhi:
- Today’s gold price is Rs. 77,843.0 for 10 grams, up from Rs. 76,803.0 yesterday (12-10-2024) and Rs. 77,833.0 last week (07-10-2024).
Chennai:
- Gold is priced at Rs. 77,691.0 for 10 grams today, compared to Rs. 76,651.0 yesterday and Rs. 77,681.0 last week.
Mumbai:
- In Mumbai, the price stands at Rs. 77,697.0 for 10 grams, rising from Rs. 76,657.0 yesterday and Rs. 77,687.0 last week.
Kolkata:
- The price in Kolkata is Rs. 77,695.0 for 10 grams, increasing from Rs. 76,655.0 yesterday and Rs. 77,685.0 last week.
Silver Prices in Major Indian Cities
Delhi:
- The silver rate today is Rs. 100,100.0 per kg, up from Rs. 97,000.0 yesterday and Rs. 100,000.0 last week.
Chennai:
- Silver is priced at Rs. 105,700.0 per kg, increasing from Rs. 102,600.0 yesterday and Rs. 105,600.0 last week.
Mumbai:
- The silver rate in Mumbai is Rs. 99,400.0 per kg, up from Rs. 96,300.0 yesterday and Rs. 99,300.0 last week.
Kolkata:
- In Kolkata, the silver price is Rs. 100,900.0 per kg, up from Rs. 97,700.0 yesterday and Rs. 100,800.0 last week.
Futures Market Overview
As of the latest update, the November 2024 MCX futures for gold are trading at Rs. 285.0 per 10 grams, reflecting a decrease of 36.877%. Meanwhile, silver futures for November 2024 are priced at Rs. 1,102.0 per kg, down by 26.263%.
Factors Influencing Price Fluctuations
Gold and silver prices are influenced by a range of factors, including insights from reputable jewelers. Global demand, currency fluctuations, prevailing interest rates, and government regulations on gold trade are all contributing factors. Furthermore, global economic conditions and the strength of the US dollar relative to other currencies also play a significant role in determining gold prices in the Indian market.
