Current Gold and Silver Prices in India : October 7, 2024
As of the today as October 7, 2024, the gold and silver rates are in an various Indian cities reflect recent trends in the market. Understanding as to these rates are crucial for buyers and investors are also alike, as they are influenced by a variety of factors are including global economic conditions as currency fluctuations and market demand.
Gold Rates Today
In Delhi, the price of 24 carat gold is currently set at ₹77,833.0 for 10 grams. This marks a slight decline from yesterday, when the price was ₹77,853.0 for 10 grams. Over that the course of the week as the gold price has shown some volatility as of having opened in the month at ₹77,403.0 for the same quantity. This means that in just one week as of the gold price has increased by approximately 0.55% indicating a slight upward trend amidst recent fluctuations.
For those looking at the price per gram, 24 carat gold is priced at ₹7,783.3, a decrease of ₹10.0 from the previous day. The 22 carat gold rate stands at ₹7,136.3 per gram, also reflecting a decline of ₹10.0. In the past month, gold has seen a notable drop, with a decrease of 5.64% from previous levels.
In Chennai, the gold rate today is ₹77,681.0 for 10 grams is a slight decrease from ₹77,701.0 the previous day. Compared as to the beginning of the month, when it was ₹77,251.0, this represents are a modest increase over the week.
Gold Rate & Silver Rate Today 07-10-2024
Moving to Mumbai, the current price of 10 grams of 24 carat gold is ₹77,687.0. This is down from ₹77,707.0 yesterday, but reflects a consistent rise from the ₹77,257.0 price recorded at the start of the month.
In Kolkata, the price remains competitive, with 10 grams of 24 carat gold available for ₹77,685.0. This also shows a decrease from the previous day’s price of ₹77,705.0, but is an increase from ₹77,255.0 observed at the start of October.
Silver Rates Today
Silver prices are also plays a crucial role in the market. In Delhi as of the current rate for silver is ₹100,000.0 per kilogram. This as of shows a decline from ₹101,000.0 yesterday, marking a decrease of ₹1,000.0. Over the past week, the price has seen a notable drop, with silver opening the month at ₹98,000.0 per kg.
In Chennai, the silver rate today is significantly higher at ₹105,600.0 per kg, an increase from ₹103,600.0 just a day prior, indicating a strong demand in the southern markets. The price has remained stable over the past week, maintaining the ₹103,600.0 level.
Mumbai presents a different scenario with silver priced at ₹99,300.0 per kg, reflecting a rise from ₹97,300.0 over the past week. This upward trend indicates a growing interest in silver in this financial hub.
Market Analysis
The fluctuations are in gold and silver prices are can be attributed to several external factors. Global economic conditions are including inflation rates, interest rates and geopolitical tensions are tend to impact these precious metals. When uncertainty looms in financial markets and investors are often turn to gold as a safe haven driving prices up. Conversely, when market conditions stabilize that prices may decline as demand for these assets are wanes.
The recent drop in the gold prices of 0.58% over as of the past week indicates that they investors are may be adjusting their portfolios amid changing to the market dynamics. Meanwhile, silver prices have shown more resilience particularly in Chennai, where the market has been more bullish compared as to other cities.
Conclusion
As of gold and silver continue to fluctuate as it remains essential for buyers and investors are to stay informed about current market rates. The prices are in major cities like Delhi, Chennai, Mumbai and Kolkata provide a comprehensive overview of the market landscape. Whether they considering an investment in gold or silver as understanding these trends can help individuals are make informed decisions.
In conclusion that the precious metals market remains dynamic, with today rates reflecting on both short-term volatility and long-term trends. Buyers are encouraged to keep a close eye on these prices and consider as external economic indicators are that could influence future movements are in gold and silver rates.