Gold and Silver Prices Today: Show Steady Trend on Sunday
Gold prices remained steady on Sunday. The cost of 24 carat gold is Rs.6397.0 per gm. The cost of 22 carat gold is Rs.5865.0 per gm. However, the price change in 24 carat gold in the last one week has been 0.0%, whereas in the last month it has been 0.0%. The cost of silver is Rs.76500.0 per kg.
In different cities, gold and silver prices are as follows:
– Chennai has a gold price of Rs.64530.0/10g and a silver price of Rs.78000.0/1kg
– Delhi has a gold price of Rs.63970.0/10g and a silver price of Rs.76500.0/1kg
– Mumbai has a gold price of Rs.63820.0/10g and a silver price of Rs.76500.0/1kg
– Kolkata has a gold price of Rs.63820.0/10g and a silver price of Rs.76500.0/1kg
Furthermore, the gold February 2024 MCX futures were trading at Rs.0.0 per 10 gm down by 100.0% at the time of publishing, and the silver May 2024 MCX futures were trading at Rs.0.0 per kg down by 100.0% at the time of publishing.
The article also touches on the fact that fluctuations in Gold and Silver prices are impacted by various elements, including input from reputable jewelers, the global desire for gold, variations in currency values between countries, current interest rates, and government regulations regarding the gold trade. Global occurrences such as the state of the global economy and the strength of the US dollar against other currencies also exert influence on gold prices in the Indian market.
Additional insight:
Despite fluctuations, investing in gold and silver can be a good strategy to diversify a portfolio and protect against inflation. The precious metals market is also influenced by geopolitical factors, such as international trade tensions and political instability. It’s important for investors to stay informed about the overall economic climate and global events as they consider investing in these commodities.
