Gold and silver prices have shown stability in recent days, with gold prices remaining steady. The price of 24 carat gold is currently Rs.6397.0 per gm, while 22 carat gold is priced at Rs.5865.0 per gm. Over the past week, the price of 24 carat gold has remained unchanged, and there has been no change over the last month as well.
In addition to gold, the cost of silver is currently Rs.76500.0 per kg. Different cities have varying prices, with Chennai having a gold price of Rs.64530.0/10g and silver price of Rs.78000.0/1kg, Delhi having a gold price of Rs.63970.0/10g and silver price of Rs.76500.0/1kg, Mumbai having a gold price of Rs.63820.0/10g and silver price of Rs.76500.0/1kg, and Kolkata having a gold price of Rs.63820.0/10g and silver price of Rs.76500.0/1kg.
The futures trading for gold and silver also showed a decline, with the gold April 2024 MCX futures trading at Rs.0.0 per 10 gm, down by 100.0% at the time of publishing. Similarly, the silver May 2024 MCX futures were trading at Rs.0.0 per kg, down by 100.0%.
Fluctuations in gold and silver prices can be attributed to various factors, one of which is the input from respected jewelers. However, there are several other key elements at play. These include the global demand for gold, fluctuations in currency values, interest rates, and government regulations related to the gold trade.
Moreover, global economic conditions and the strength of the US dollar against other currencies also impact gold and silver prices in the Indian market. It is essential to consider these factors when monitoring and analyzing price changes in gold and silver, as they provide valuable insights for investors and traders.
FAQ Section:
Q: What is the current price of 24 carat gold?
A: The current price of 24 carat gold is Rs.6397.0 per gm.
Q: What is the current price of 22 carat gold?
A: The current price of 22 carat gold is Rs.5865.0 per gm.
Q: Has the price of 24 carat gold changed in the past week?
A: No, the price of 24 carat gold has remained unchanged in the past week.
Q: What is the current price of silver?
A: The current price of silver is Rs.76500.0 per kg.
Q: Are there differences in gold and silver prices across cities in India?
A: Yes, different cities have varying prices. For example, Chennai has a gold price of Rs.64530.0/10g and silver price of Rs.78000.0/1kg, Delhi has a gold price of Rs.63970.0/10g and silver price of Rs.76500.0/1kg, Mumbai has a gold price of Rs.63820.0/10g and silver price of Rs.76500.0/1kg, and Kolkata has a gold price of Rs.63820.0/10g and silver price of Rs.76500.0/1kg.
Q: What is the current trading price of gold futures?
A: The gold April 2024 MCX futures are trading at Rs.0.0 per 10 gm.
Q: What is the current trading price of silver futures?
A: The silver May 2024 MCX futures are trading at Rs.0.0 per kg.
Q: What are the factors that influence fluctuations in gold and silver prices?
A: Factors that influence fluctuations in gold and silver prices include input from respected jewelers, global demand for gold, fluctuations in currency values, interest rates, and government regulations related to the gold trade.
Q: How do global economic conditions and the strength of the US dollar impact gold and silver prices in the Indian market?
A: Global economic conditions and the strength of the US dollar against other currencies can impact gold and silver prices in the Indian market. These factors should be considered when monitoring and analyzing price changes in gold and silver.
Definitions:
– 24 carat gold: The purest form of gold, consisting of 99.9% gold content.
– 22 carat gold: Gold alloyed with other metals, consisting of 91.67% gold content.
– Futures Trading: A financial contract that involves buying or selling an asset at a predetermined price on a future date.
Suggested related links:
– World Gold Council
– The Silver Institute
– Multi Commodity Exchange of India Ltd