Image Source : PEXELS REPRESENTATIONAL PICTURE
Gold prices rose today, with 24-carat gold at Rs 7780.3 per gram, up by Rs 550. Similarly, 22-karat gold is currently priced at Rs 7133.3 per gram, up by Rs 500. Silver prices also increased, to Rs 500 per kg up by Rs 500. On the Multi Commodity Exchange (MCX), gold contracts for December delivery rose by Rs 242, or 0.32%, to Rs 76,276 per 10 grams. This increase came amidst a business turnover of 8,313 lots.
Analysts attributed the increase in prices to new facilities developed by participants, reflecting strong market sentiment and robust demand in the spot market.
Global trends
Gold futures were up 0.24 per cent on international markets, hitting USD 2,657.06 an ounce in New York. The price of gold constantly reacts to global economic trends and local demand, making it a prime location for investors and traders.
City-wise gold and silver rates
Delhi
Gold: Rs 77,803 per 10 grams (24-carat)
Yesterday: Rs 76,493
Last Week: Rs 75,813
Silver: Rs 95,200 per kg
Yesterday: Rs 92,500
Last Week: Rs 92,500
Chennai
Gold: Rs 77,651 per 10 grams (24-carat)
Yesterday: Rs 76,341
Last Week: Rs 75,661
Silver: Rs 1,03,600 per kg
Yesterday: Rs 1,01,600
Last Week: Rs 1,01,600
Mumbai
Gold: Rs 77,657 per 10 grams (24-carat)
Yesterday: Rs 76,347
Last Week: Rs 75,667
Silver: Rs 94,500 per kg
Yesterday: Rs 91,800
Last Week: Rs 94,500
Kolkata
Gold: Rs 77,655 per 10 grams (24-carat)
Yesterday: Rs 76,345
Last Week: Rs 75,665
Silver: Rs 96,000 per kg
Yesterday: Rs 93,300
Last Week: Rs 96,000
Market trends
MCX Futures:
Gold (Dec 2024): Rs 76,247 per 10 grams, up by 0.28%.
Silver (May 2025): Rs 94,438 per kg, up by 0.168%.
Price influences
Gold and silver rates in India are shaped by:
1. Global Factors: Demand trends, economic stability, and dollar strength.
2. Local Determinants:
Input from major jewelers.
Currency fluctuations.
Government policies and interest rates.
For the latest updates on gold and silver rates in your city, check back regularly.
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