- 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
- 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
- Mumbai:
- 24 Carat Gold: ₹74,480 per 10 grams (previous day: ₹74,150 per 10 grams)
- Kolkata:
- 24 Carat Gold: ₹73,540 per 10 grams (previous day: ₹75,750 per 10 grams)
Silver Prices Today
- Delhi:
- Silver: ₹89,500 per kg (unchanged from the previous day)
- Chennai:
- Silver: ₹95,000 per kg (unchanged from the previous day)
- Kolkata:
- Silver: ₹89,500 per kg (unchanged from the previous day)
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.
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%.
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.