On Saturday, the price of gold witnessed a decline of ₹300-400 compared to the previous day. As per Goodreturns, the price of 10 grams of 22-carat gold was ₹55,800, while the price of the same quantity of 24-carat gold was ₹60,870.
Silver prices also declined in the country as cost of 10 gram of the metal stood at ₹743 after a reduction of ₹2 when compared to Friday.
Cities Gold (24K/10gm) Silver (per 10 gm)
Chennai ₹61,360 ₹780
Mumbai ₹60,870 ₹743
Delhi ₹61,020 ₹743
Kolkata ₹60,870 ₹743
Bengaluru ₹60,920 ₹780
Hyderabad ₹60,870 ₹780
Kerala ₹60,870 ₹780
Pune ₹60,870 ₹743
Vadodara ₹60,920 ₹743
Factors determining silver price per 1 gram in India today
In India, silver prices are heavily influenced by international market trends. It is observed that gold and silver prices generally move in sync with each other. This means that when gold prices rise, silver prices also tend to rally.