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.
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