Gold Prices Rise, Silver Rates Drop in India

Gold Prices Rise, Silver Rates Drop in India
Gold Prices Rise, Silver Rates Drop in India

On Monday, gold prices in India experienced an increase of ₹10 per gram. According to Goodreturns, a website that tracks daily gold prices, the cost of 22-carat gold is ₹5,415 per gram, while 24-carat gold is priced at ₹5,906 per gram.

In Delhi, the price of 22K gold is ₹54,300 per 10 grams, and 24K gold is ₹59,220 per 10 grams. In Mumbai, the cost of 22K gold is ₹54,150 per 10 grams, and 24K gold is ₹59,060 per 10 grams.

Silver rates dropped by ₹200 nationally on Tuesday, with slight variations in major Indian cities. As per the Goodreturns website, the price of one kilogram of silver is ₹71,700.

Various factors such as currency fluctuations, international influences, and government policies contribute to determining gold prices in India. Similarly, factors like gold rates, industrial demand, bulk purchases, and inflation affect the price of silver. When the price of gold rises, it also impacts the price of silver.

City Gold 22-carat (Rs/10 gram) Silver (Rs/kg)
Delhi 54,300 71,700
Mumbai 54,150 71,700
Chennai 54,520 75,800
Kolkata 54,150 71,700

 

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