Silver Climbs in India, Gold Prices See City-Wise Variations

Gold prices fluctuate across cities in India on February 19, 2024, but the average price for 10 grams hovers around ₹62,670.

• 10 grams of 24-carat gold averages ₹62,670, while 22-carat gold of the same quantity stands at ₹57,450.
• Silver continues its upward trend, priced at ₹76,000 per kilogram.

City-wise details:

Delhi:

• 10 grams of 22-carat gold: ₹57,600
• 10 grams of 24-carat gold: ₹62,820
• Silver per kilogram: ₹76,400

Mumbai:

• 10 grams of 22-carat gold: ₹57,450
• 10 grams of 24-carat gold: ₹62,670
• Silver per kilogram: ₹76,400

Chennai:

• 10 grams of 22-carat gold: ₹58,000
• 10 grams of 24-carat gold: ₹63,270
• Silver per kilogram: ₹77,900

Bengaluru:

• 10 grams of 22-carat gold: ₹57,450
• 10 grams of 24-carat gold: ₹62,670
• Silver per kilogram: ₹72,900

Kolkata:

• 10 grams of 22-carat gold: ₹57,450
• 10 grams of 24-carat gold: ₹62,670
• Silver per kilogram: ₹76,400

Multi Commodity Exchange:

• On February 19, 2024, gold futures for April 05 delivery were actively traded at ₹62,013 on the Multi Commodity Exchange.
• Silver futures with a March 05, 2024 delivery date were quoted at ₹71,449.

Factors affecting gold prices in India:

• Global gold prices
• Rupee value
• Costs related to labor and materials used in the production of gold jewelry

Importance of gold in India:

• Cultural significance
• Value as an investment
• Traditional role in weddings and festivals