Gold and Silver Rates : Today's Updates
Gold Rate TodayIf you are curious about on the current prices of the gold and silver in India . you are in the right place! Here is a detailed breakdown of today’s rates are recent trends and some other factors are affecting on these precious metals.
Current Gold Rates
Today in Delhi to the price of 24-carat gold stands at ₹77,733 for every 10 grams. This marks are as an increase of ₹100 compared to yesterday of price of ₹77,073. If you’re looking for 22-carat gold to the rate is ₹7,127.3 per gram, which is up by ₹90 from the previous day.
Here’s a quick snapshot of gold rates in various cities:
Delhi: ₹77,733/10 grams
Mumbai: ₹77,587/10 grams
Kolkata: ₹77,585/10 grams
Recent Trends in the Gold rate today
Over in past week the price of 24-carat gold has increased by 0.73%. However, they are looking at a broader perspective to the price has seen a decrease of 4.81% over in the last month. This fluctuation are can be attributed to various factors, including market demand and international economic conditions.
Current Silver Rates
As for silver, today’s rate in Delhi is ₹98,100 per kg, showing a slight increase of ₹100 from yesterday’s price of ₹98,000. Silver rates can differ significantly between cities. Here’s what you can expect in some major locations:
Delhi: ₹98,100/Kg
Mumbai: ₹97,400/Kg
Chennai: ₹1,03,700/Kg
Kolkata: ₹98,900/Kg
Recent Trends in Silver Prices
Silver has also experienced some price changes recently. In the past week the price in Delhi dropped from ₹99,200 to the current rate of ₹98,100. In Mumbai it fell from ₹98,500 to ₹97,400. These are fluctuations reflect on the dynamic nature of the silver market.
Futures Trading Update
For those they are interested in futures trading, the November 2024 MCX futures for gold are currently priced at ₹2,238 per 10 grams, which is a slight increase of ₹2.099. On the silver side, the March 2025 MCX futures are trading at ₹95,400 per kg, reflecting a small uptick of ₹0.049.
Factors are Influencing Prices
Gold and silver prices are influenced by a multitude of the factors. Here are some key elements to consider:
1. Global Demand : The demand for the gold and silver in the jewelry sector significantly as impacts on prices. Festivals and wedding seasons are often see spikes in demand.
2. Currency Variations: Fluctuations are in currency values particularly the US dollar, can have a profound effect on gold and silver rates. A stronger dollar generally leads to lower prices for these metals, and vice versa.
3. Interest Rates: Central banks interest rate policies also play a crucial role. Lower interest rates are make gold and silver more attractive investments leading to higher demand and prices.
4. Economic Conditions : The overall state of the global economy affects are investment in the precious metals. In times of economic uncertainty, gold is often seen as a “safe haven” asset, increasing its value.
5. Government Policies: Import duties, taxes, and regulations related to gold and silver can also impact local prices.
6. Market Sentiment: Investor as sentiment and speculation can lead to short-term price fluctuations. If investors are optimistic about on the economy they may shy away from gold as conversely fears of downturns can drive prices up.
Conclusion
In summary,today’s gold and silver prices reflect a blend of local demand, global economic conditions and market sentiment. Whether you are looking to invest, purchase jewelry or just keep an eye on market trends staying as informed about these rates is essential.
If you are planning to buy as gold or silver on it is advisable to keep as an eye on the daily fluctuations in the prices. Consider as the current trends and the broader economic indicators are that could affect these precious metals’ value in the future.
Remember they are investing in gold and silver can be a great way to diversify your portfolio but it is crucial to stay updated on market conditions and trends.