The cost of both gold and silver experienced a slight increase on Monday. On the 19th of February 2024, the cost of 24 carat gold was up by Rs.679.0, valued at Rs.63410.0 per 10 gm; and the cost of 22 carat gold stood at Rs.5808.4 per 10 gm, an uptick of Rs.622.0. As for silver, it was priced at Rs.76400.0 per kg, having surged by Rs.800.0 per kg.
In terms of market insights, the last one week showed a slight drop in the price of 24 carat gold by -0.18%, while over the last month, it increased by 0.88%. As for the trading figures, the gold April 2024 MCX futures were trading at Rs.62034.0 per 10 gm, up by 0.252% at the time of publishing, and the silver May 2024 MCX futures were trading at Rs.72947.0 per kg, down by 0.953%.
Gold and Silver prices in different cities as follows:
– Chennai: Gold price – Rs.62669.0/10g, Silver price – Rs.77900.0/1kg.
– Delhi: Gold price – Rs.63410.0/10g, Silver price – Rs.76400.0/1kg.
– Mumbai: Gold price – Rs.63719.0/10g, Silver price – Rs.76400.0/1kg.
– Kolkata: Gold price – Rs.63657.0/10g, Silver price – Rs.76400.0/1kg.
Key factors such as input from reputable jewelers, global demand for gold, currency fluctuations, interest rates, and government regulations play a role in influencing the fluctuations in Gold and Silver prices. Additionally, global events such as the state of the economy and the strength of the US dollar against other currencies have significant impacts on gold prices in the Indian market.
In the light of these developments, there is a growing interest in following the trajectory of gold and silver prices. The data offers valuable insights for industry stakeholders to assess market dynamics, enabling informed decision-making and addressing potential risks.
