Gold and Silver Prices Experience Marginal Rise

Gold and Silver Prices Experience Marginal Rise

VoM News Desk | December 27, 2023 | 11:41 AM IST | Breaking News | Follow on Google News

Gold and Silver Prices Experience Marginal Rise/Mint

Gold and Silver Prices Experience Marginal Rise

On Wednesday, gold prices observed a slight increase. The value of 24-carat gold stands at Rs.6386.0 per gram, rising by Rs.220.0, while 22-carat gold is priced at Rs.5855.0 per gram, marking an increase of Rs.200.0.

Over the past week, the price of 24-carat gold saw a decrease of -0.77%, whereas in the last month, it declined by -1.46%.

The current cost of silver is Rs.79500.0 per kilogram, rising by Rs.300.0.

Here are the gold and silver prices in major cities:

• Chennai: Gold price at Rs.64310.0/10g and silver at Rs.81000.0/1kg.
• Delhi: Gold price at Rs.63860.0/10g and silver at Rs.79500.0/1kg.
• Mumbai: Gold price at Rs.63710.0/10g and silver at Rs.79500.0/1kg.
• Kolkata: Gold price at Rs.63710.0/10g and silver at Rs.79500.0/1kg.

However, as of the time of publishing, the gold June 2024 MCX futures were trading at Rs.0.0 per 10 grams, down by 100.0%. Similarly, the silver July 2024 MCX futures were trading at Rs.0.0 per kilogram, also down by 100.0%.

Fluctuations in gold and silver prices are influenced by various factors, including insights from respected jewelers. Global gold demand, fluctuations in currency exchange rates, prevailing interest rates, and governmental policies related to gold trading contribute to these changes. Additionally, global economic conditions and the US dollar’s strength against other currencies play a significant role in influencing gold prices within the Indian market.

VoM News Desk

VoM News is an online web portal in jammu Kashmir offers regional, National & global news.