Gold Prices Today (24 Carat and 22 Carat)

1. Delhi:
   • 24 Carat Gold: ₹73,510 per 10 grams (previous day: ₹75,415 per 10 grams)
   • 22 Carat Gold: ₹67,570 per 10 grams
   • Price change over the week: ₹72890 per 10 grams on 12-09-2024
2. Chennai:
   • 24 Carat Gold: ₹73,130 per 10 grams (previous day: ₹73,260 per 10 grams)
   • Price change over the week: ₹72220 per 10 grams on 12-09-2024
3. Mumbai:
   • 24 Carat Gold: ₹74,480 per 10 grams (previous day: ₹74,150 per 10 grams)
4. Kolkata:
   • 24 Carat Gold: ₹73,540 per 10 grams (previous day: ₹75,750 per 10 grams)

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Silver Prices Today

1. Delhi:
   • Silver: ₹89,500 per kg (unchanged from the previous day)
2. Chennai:
   • Silver: ₹95,000 per kg (unchanged from the previous day)
3. Kolkata:
   • Silver: ₹89,500 per kg (unchanged from the previous day)

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Market Trends & Analysis

• Weekly Gold Price Trend: Gold prices have seen a decline over the past week. For instance, in Delhi, gold prices dropped from ₹75,415 on 17-09-2024 to ₹73,510 today, reflecting global market movements.
• Silver Prices: While silver prices remained stable in most cities, significant differences are noted between cities like Chennai and Delhi, with Chennai silver prices being higher.

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MCX Futures Data

• Gold Futures (September 2024): Trading at ₹1,053.5 per 10 grams, reflecting a growth of 13.83%.
• Silver Futures (December 2024): Trading at ₹88,778 per kg, showing a minor decline of 0.406%.

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Factors Influencing Gold and Silver Prices

Several external factors influence the price of gold and silver, including:

• Global demand for gold
• Fluctuations in currency values, particularly the US dollar
• Current interest rates
• Government regulations affecting the gold trade
• Global economic conditions

These factors contribute to the ongoing volatility in the gold and silver markets.

Source: Data compiled from daily market reports​.