As the Akshaya Tritiya festival approaches on April 22, the prices of gold and silver have reportedly remained stable on Friday. According to Goodreturns website, the cost of one gram of 22 carat gold remains at ₹5,585. For individuals interested in purchasing eight grams and 10 grams of 22 carat gold, the prices would be ₹44,680 and ₹55,850 respectively.
While, the purchase of 100 grams gold today would cost the consumers ₹5,58,500 in India.
The price of 24 carat gold also remained unchanged on Friday. One gram of 24k gold is priced at ₹6,093 while eight grams and 10 grams are priced at ₹48,744 and ₹60,930 respectively. The price of 100 grams of 24-carat gold is ₹6,09,300.
Similarly, the prices of silver have reportedly remained unchanged on Friday in comparison to yesterday’s prices. The cost of one gram of silver is reportedly ₹77.40, while eight grams of silver would cost ₹619.20. Individuals interested in purchasing 10 grams of silver can do so for ₹774, and the cost of one kilogram of silver is set at ₹77,400, according to Goodreturns.
| CITY | GOLD 22 CARAT (Rs/10 GRAM) | SILVER (Rs/10 GRAM) |
| DELHI | 56,000 | 774 |
| MUMBAI | 55,850 | 774 |
| KOLKATA | 55,850 | 774 |
| CEHNNAI | 56,500 | 810 |
| BENGALURU | 55,900 | 810 |
“Gold demand in the domestic market is likely to improve after recent correction in prices and ahead of Akshaya Tritiya which is considered as an auspicious occasion for buying gold,” Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities told news agency PTI on Wednesday.
In India, the prices of gold are based on factors including global demand, currency, interest rates and government policies. It is also dependent on international factors like global economic growth, dollar strength against other currencies etc.
