Gold and Silver Prices Analyzed

The price of gold and silver changed a little on Friday. 24-carat gold went up by ₹10, and 22-carat gold also increased by ₹10. These changes happened in different cities like Mumbai, Kolkata, and Chennai.

Key Points

• Gold prices rose slightly, recovering from a recent low.
• 24-carat gold averaged ₹1,35,070 across major cities.
• 22-carat gold priced at ₹1,23,810 in most locations.
• Silver prices moved down by ₹100, impacting overall value.
• Gold futures climbed, driven by global market shifts.
• Silver experienced a significant surge, outperforming gold this year.

City-Specific Prices (₹)

Here’s a breakdown of the prices in different cities:

• Mumbai & Kolkata: 24-carat gold – ₹1,35,070; Silver – ₹2,37,900
• Chennai: 24-carat gold – ₹1,36,130; Silver – ₹2,55,900
• Delhi: 24-carat gold – ₹1,35,220; 22-carat gold – ₹1,23,960; Silver – ₹2,37,900

Global Market Trends

Globally, the price of gold moved up, driven by positive changes in the futures market. Silver saw an even bigger jump, becoming the best-performing metal of the year.

The spot price of gold rose to $4,346.69 per ounce, and silver reached $72.75 per ounce. These trends are influenced by a variety of factors, including investor confidence and economic conditions.

Gold and silver markets are constantly changing, impacting investment decisions.