Gold And Silver Prices Today: Gold prices experienced a slight increase on Sunday, with the cost of 24 carat gold at Rs.7390.1 per gram, up by Rs.720.0. Similarly, the cost of 22 carat gold is Rs.6769.4 per gram, up by Rs.659.0.
The price change for 24 carat gold in the last week has been -1.96%, and in the last month, it has seen a decrease of -4.32%.
Insight: Gold prices are highly sensitive to global economic conditions and geopolitical tensions. Factors such as inflation, interest rates, and fiscal policies of major economies can significantly impact the price of gold in the market.
The cost of silver is currently Rs.85190.0 per kilogram, up by Rs.90.0 per kilogram.
Insight: Silver prices often move in tandem with gold prices but can also be influenced by industrial demand and supply dynamics. The metal is widely used in various manufacturing sectors, making it susceptible to shifts in industrial activity.
Gold Price Today in Delhi stands at ₹73901.0/10 grams. Yesterday’s Gold Price on 31-08-2024 was ₹74233.0/10 grams, while last week’s gold price on 26-08-2024 was ₹72781.0/10 grams.
Silver Price Today in Delhi is ₹85190.0/kg. Yesterday’s Silver rate on 31-08-2024 was ₹85160.0/kg, and last week’s silver price on 26-08-2024 was ₹84780.0/kg.
Gold Price Today in Chennai is ₹73325.0/10 grams. For comparison, yesterday’s Gold Price on 31-08-2024 was ₹73225.0/10 grams, while last week’s gold price on 26-08-2024 was ₹73352.0/10 grams.
Silver Price Today in Chennai stands at ₹85190.0/kg. Yesterday’s Silver rate on 31-08-2024 was ₹85240.0/kg, and last week’s silver price on 26-08-2024 was ₹84780.0/kg.
Gold Price Today in Mumbai is ₹73109.0/10 grams. Yesterday’s Gold Price on 31-08-2024 was ₹73225.0/10 grams, and last week’s gold price on 26-08-2024 was ₹73067.0/10 grams.
Silver Price Today in Mumbai is ₹85190.0/kg. Yesterday’s Silver rate on 31-08-2024 was ₹85160.0/kg, and last week’s silver price on 26-08-2024 was ₹84780.0/kg.
Gold Price Today in Kolkata is ₹73901.0/10 grams. Yesterday’s Gold Price on 31-08-2024 was ₹73081.0/10 grams, and last week’s gold price on 26-08-2024 was ₹73352.0/10 grams.
Silver Price Today in Kolkata is ₹85190.0/kg. Yesterday’s Silver rate on 31-08-2024 was ₹85160.0/kg, and last week’s silver price on 26-08-2024 was ₹84780.0/kg.
The gold September 2024 MCX futures were trading at Rs.1400.0 per 10 grams, down by 19.122% at the time of publishing.
The silver November 2024 MCX futures were trading at Rs.4883.0 per kilogram, down by 24.738% at the time of publishing.
Fluctuations in Gold and Silver prices are influenced by various factors, including the input from respected jewelers. Elements such as global demand for gold, currency fluctuations, interest rates, and government regulations concerning the gold market all contribute to these price changes. Additionally, events like the state of the global economy and the strength of the US dollar against other currencies also impact gold prices in the Indian market.
Insight: Investors often turn to gold and silver as safe-haven assets during times of economic uncertainty or market volatility. The precious metals serve as a hedge against inflation and are considered a store of value, making them attractive investment options in times of crisis.
