Gold and Silver Prices Today: Check the Latest Rates in Your City .

 


The prices of gold and silver are key indicators of economic health and are closely monitored by investors and consumers alike. Today, on July 9, 2024, we bring you the latest updates on gold and silver rates across major Indian cities, along with insights into the factors driving these changes.

 

 Gold Prices Today

 

 Delhi

 24 Carat Gold: ₹74,346.0 per 10 grams

 22 Carat Gold: ₹68,101.0 per 10 grams

 

Gold prices in Delhi saw a slight decrease today. The price of 24 carat gold is ₹74,346.0 per 10 grams, down by ₹473.0. Similarly, the price of 22 carat gold is ₹68,101.0 per 10 grams, down by ₹433.0.

 

 Chennai

 24 Carat Gold: ₹74,128.0 per 10 grams

 22 Carat Gold: ₹67,890.0 per 10 grams

 

In Chennai, the price of 24 carat gold is ₹74,128.0 per 10 grams, showing a slight decrease from yesterday's price of ₹74,819.0 per 10 grams.

 

 Mumbai

 24 Carat Gold: ₹74,492.0 per 10 grams

 22 Carat Gold: ₹68,200.0 per 10 grams

 

Mumbai's gold prices today are ₹74,492.0 per 10 grams for 24 carat gold. Yesterday, the price was ₹73,875.0 per 10 grams.

 

 Kolkata

 24 Carat Gold: ₹75,074.0 per 10 grams

 22 Carat Gold: ₹69,400.0 per 10 grams

 

Kolkata has the highest price among the major cities today, with 24 carat gold priced at ₹75,074.0 per 10 grams.

 

 Silver Prices Today

 

 Delhi

 Silver: ₹92,010.0 per kilogram

 

Silver prices in Delhi have seen an increase. Today's rate is ₹92,010.0 per kilogram, up by ₹1,210.0 from yesterday's price of ₹90,980.0 per kilogram.

 

 Chennai

 Silver: ₹91,820.0 per kilogram

 

In Chennai, the price of silver is ₹91,820.0 per kilogram, slightly higher than yesterday's price of ₹90,800.0 per kilogram.

 

 Mumbai

 Silver: ₹92,010.0 per kilogram

 

Mumbai's silver prices match those of Delhi, standing at ₹92,010.0 per kilogram.

 

 Kolkata

 Silver: ₹92,010.0 per kilogram

 

Kolkata also shares the same silver price as Delhi and Mumbai, at ₹92,010.0 per kilogram.

 

 Price Trends and Influences

 

Over the past week, gold prices have seen a slight downward trend. For instance, in Delhi, the price of 24 carat gold was ₹74,529.0 per 10 grams yesterday and ₹72,911.0 per 10 grams a week ago. The weekly change in gold price is 2.17%, while the monthly change is 1.29%.

 

Conversely, silver prices have increased over the same period. In Delhi, the price was ₹90,980.0 per kilogram yesterday and ₹88,190.0 per kilogram a week ago.

 

 MCX Futures

 

 Gold August 2024 Futures: ₹72,343.0 per 10 grams (up by 0.014%)

 Silver September 2024 Futures: ₹92,631.0 per kilogram (up by 0.018%)

 

 Factors Influencing Gold and Silver Prices

 

The fluctuations in gold and silver prices are influenced by several factors:

 

1. Global Demand: The worldwide demand for gold impacts its price significantly.

2. Currency Values: Fluctuations in currency values, particularly the strength of the US dollar against other currencies, affect gold prices.

3. Interest Rates: Current interest rates influence investor behavior, with lower rates typically increasing gold demand.

4. Government Policies: Regulations regarding gold trade can impact prices.

5. Global Events: Economic conditions and geopolitical events worldwide also play a role in determining gold and silver prices.

 

 Conclusion

 

Keeping an eye on gold and silver prices can provide valuable insights into the economic landscape. Whether you are an investor or a consumer, staying informed about these trends helps in making informed decisions. As of today, gold prices have shown a slight decrease while silver prices have increased, reflecting the dynamic nature of these precious metals in the market.