On Thursday, the price of gold saw a moderate increase. The rate for 22-carat gold remained steady at ₹5,500 per gram, marking a ₹10 rise. Larger quantities, like 8 grams and 10 grams, were priced at ₹44,000 and ₹55,000, respectively. The cost for 100 grams of 22-carat gold also stayed constant at ₹5,50,500. Meanwhile, 24-carat gold was valued at ₹6,000 per gram.
Silver prices maintained stability, with one kilogram of silver holding a nationwide cost of ₹74,000.
Here are the gold and silver prices in different cities:
- Chennai: Gold (Rs/10 gram) – 55,300, Silver (Rs/kg) – 77,500
- Kolkata: Gold (Rs/10 gram) – 55,000, Silver (Rs/kg) – 74,000
- New Delhi: Gold (Rs/10 gram) – 55,150, Silver (Rs/kg) – 74,000
- Mumbai: Gold (Rs/10 gram) – 55,000, Silver (Rs/kg) – 74,000
These price fluctuations are influenced by a variety of factors, with input from reputable jewelers being a crucial element. Global gold demand, currency values in various nations, prevailing interest rates, and government regulations related to gold trade all contribute to these fluctuations. Additionally, global events, including the state of the global economy and the strength of the US dollar in relation to other currencies, exert their influence on gold prices within the Indian market.
