Gold and Silver Prices Analyzed

The prices of gold and silver changed slightly on Monday. Specifically, 24-carat gold saw a small decrease, while silver experienced a more noticeable drop. These shifts were influenced by global events and demand for safe investments.

Key Points

• Gold prices fell by ₹10, trading at ₹1,35,810 per 10g.
• 22-carat gold decreased by ₹10, at ₹1,24,490 per 10g.
• Silver dropped by ₹100, selling at ₹2,40,900 per kg.
• Mumbai & Kolkata 24-carat gold at ₹1,35,810 & ₹1,37,450.
• Delhi 24-carat gold at ₹1,35,960, 22-carat at ₹1,24,640.
• Silver prices varied by location, with Chennai highest at ₹2,56,900.

Regional Price Differences

Gold prices varied depending on where you looked. In Mumbai and Kolkata, 24-carat gold was priced at ₹1,35,810 for ten grams. Chennai had a slightly higher price of ₹1,37,450 for the same amount.

Delhi saw a price of ₹1,35,960 for 24-carat gold. 22-carat gold followed suit with a price of ₹1,24,640 in Delhi.

Global Market Influences

The world’s situation affected gold and silver too. When Venezuela’s leader was taken into custody, people wanted to put their money into safe investments like gold, which pushed prices up. Gold climbed by 1.5% and silver rose by 4.5%.

Silver has had a particularly strong year, growing by over 147%. This makes it a smart investment choice.

“Understanding these fluctuations is vital for making informed investment decisions regarding precious metals.”