Gold and Silver Prices Analyzed

The cost of gold and silver changed a little on Thursday. 24-carat gold saw a rise of ₹10, with ten grams now selling for ₹1,56,610. Silver also increased by ₹100, meaning one kilogram cost ₹3,30,100.

Key Points

• Gold prices shifted slightly due to global events.
• 24-carat gold averaged ₹1,56,610 across major cities.
• Silver increased by ₹100, with a cost of ₹3,30,100.
• Geopolitical factors impacted precious metal values.
• Dollar strength influenced gold and silver prices.
• Futures contracts reflected market fluctuations in gold.

City-Specific Prices – 24 Carat Gold

Prices varied slightly depending on where you looked. In Mumbai and Kolkata, ten grams of 24-carat gold were at ₹1,56,610. Chennai saw a slightly higher price of ₹1,57,270 for ten grams.

Delhi’s price was ₹1,56,760 for ten grams of 24-carat gold.

City-Specific Prices – 22 Carat Gold

22-carat gold prices were consistent across Mumbai, Kolkata, Bengaluru, Hyderabad, and Chennai – at ₹1,43,560 for ten grams. However, Delhi saw a slightly higher price of ₹1,43,710 for ten grams.

Global Market Trends

The price of gold in the global market dropped a bit, moving to $4,799.79 per ounce. Silver also saw a decrease, reaching $92.38 an ounce.

These changes were partly due to some calming of worries about trade wars and a stronger US dollar. The prices of platinum and palladium also decreased.

Ultimately, the global economy and international relations influence the cost of these valuable metals.