Gold and silver prices experienced slight declines today, October 7, 2024. The price of 24-carat gold is now Rs. 7,783.3 per gram, reflecting a drop of Rs. 10. Similarly, 22-carat gold is priced at Rs. 7,136.3 per gram, also down by Rs. 10. Over the past week, 24-carat gold has decreased by 0.58%, and over the last month, it has fallen by 5.64%.

The price of silver stands at Rs. 100,000 per kilogram, marking a decrease of Rs. 100 from the previous rate.

Gold and Silver Prices in Major Cities

Gold Price in Delhi

Today’s Price: Rs. 77,833 for 10 grams
Yesterday’s Price (October 6, 2024): Rs. 77,853 for 10 grams
Last Week (October 1, 2024): Rs. 77,403 for 10 grams

Silver Price in Delhi

Today’s Price: Rs. 100,000 per kilogram
Yesterday’s Price (October 6, 2024): Rs. 98,000 per kilogram
Last Week (October 1, 2024): Rs. 98,000 per kilogram

Gold Price in Chennai

Today’s Price: Rs. 77,681 for 10 grams
Yesterday’s Price (October 6, 2024): Rs. 77,701 for 10 grams
Last Week (October 1, 2024): Rs. 77,251 for 10 grams

Silver Price in Chennai

Today’s Price: Rs. 105,600 per kilogram
Yesterday’s Price (October 6, 2024): Rs. 103,600 per kilogram
Last Week (October 1, 2024): Rs. 103,600 per kilogram

Gold Price in Mumbai

Today’s Price: Rs. 77,687 for 10 grams
Yesterday’s Price (October 6, 2024): Rs. 77,707 for 10 grams
Last Week (October 1, 2024): Rs. 77,257 for 10 grams

Silver Price in Mumbai

Today’s Price: Rs. 99,300 per kilogram
Yesterday’s Price (October 6, 2024): Rs. 97,300 per kilogram
Last Week (October 1, 2024): Rs. 97,300 per kilogram

Gold Price in Kolkata

Today’s Price: Rs. 77,685 for 10 grams
Yesterday’s Price (October 6, 2024): Rs. 77,705 for 10 grams
Last Week (October 1, 2024): Rs. 77,255 for 10 grams

Silver Price in Kolkata

Today’s Price: Rs. 100,800 per kilogram
Yesterday’s Price (October 6, 2024): Rs. 98,800 per kilogram
Last Week (October 1, 2024): Rs. 98,800 per kilogram

MCX Futures Update

The November 2024 Gold MCX futures are trading at Rs. 610 per 10 grams, showing no change at the time of writing. On the other hand, the November 2024 Silver MCX futures are trading at Rs. 5,591.5 per kilogram, reflecting a 0.242% increase.

Factors Influencing Gold and Silver Prices

The prices of gold and silver fluctuate due to multiple factors, including global demand, changes in currency values, interest rates, and government policies regarding the gold trade. Additionally, international events, economic conditions, and the strength of the US dollar play a significant role in determining gold prices in India.

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