The price of gold remained unchanged on Tuesday. The cost of 24 carat gold is Rs.6397.0 per gm, with 22 carat gold costing Rs.5865.0 per gm. There has been a 0.42% change in the price of 24 carat gold over the past week, but in the last month, it has decreased by 2.3%. Meanwhile, the price of silver is Rs.76400.0 per kg, a decrease of Rs.200.0 per kg.
In specific cities across India, gold and silver prices are as follows:
– Chennai: Gold price of Rs.64530.0/10g and silver price of Rs.77800.0/1kg.
– Delhi: Gold price of Rs.63970.0/10g and silver price of Rs.76400.0/1kg.
– Mumbai: Gold price of Rs.63820.0/10g and silver price of Rs.76400.0/1kg.
– Kolkata: Gold price of Rs.63820.0/10g and silver price of Rs.76400.0/1kg.
The gold April 2024 MCX futures were trading at Rs.62633.0 per 10 gm, up by 0.205%, while the silver March 2024 MCX futures were trading at Rs.72390.0 per kg, down by 0.051%.
The fluctuation in Gold and Silver prices are impacted by a variety of factors including respected jeweler inputs, global demand for gold, currency value fluctuations, interest rates, and government regulations. Furthermore, global economic conditions and the strength of the US dollar also play a significant role in influencing gold prices in the Indian market.
It is important for those interested in gold and silver prices to stay informed with the latest news and updates from Live Mint and to check for all the latest action on Budget 2024. Downloading The Mint News App can provide daily market updates and live business news.
Additional Insight:
Investors often look to gold and silver as safe-haven assets during times of economic uncertainty or inflation. Therefore, knowing the current gold and silver prices, as well as the factors that influence them, is crucial for both traders and individual consumers. In this context, understanding the dynamics of changes in metals markets can help in making well-informed decisions.
