Gold prices showed a slight increase today, with the cost of 24-carat gold rising to Rs. 7,807.3 per gram, an uptick of Rs. 510. The price of 22-carat gold also increased by Rs. 470, now standing at Rs. 7,158.3 per gram. Over the past week, 24-carat gold has seen a -1.26% decline, while in the last month, it dropped by -5.49%.

Meanwhile, silver prices remained steady at Rs. 100,000 per kilogram.

Gold and Silver Prices in Major Cities:

Gold Price in Delhi:

• Today: Rs. 78,073.0 per 10 grams
• Yesterday: Rs. 77,783.0 per 10 grams
• Last week (Oct 11, 2024): Rs. 76,803.0 per 10 grams

Silver Price in Delhi:

• Today: Rs. 100,000.0 per kilogram
• Yesterday: Rs. 100,000.0 per kilogram
• Last week: Rs. 97,000.0 per kilogram

Gold Price in Chennai:

Today: Rs. 77,921.0 per 10 grams
Yesterday: Rs. 77,631.0 per 10 grams
Last week: Rs. 76,651.0 per 10 grams

Silver Price in Chennai:

• Today: Rs. 105,600.0 per kilogram
• Yesterday: Rs. 105,600.0 per kilogram
• Last week: Rs. 102,600.0 per kilogram

Gold Price in Mumbai:

• Today: Rs. 77,927.0 per 10 grams
• Yesterday: Rs. 77,637.0 per 10 grams
• Last week: Rs. 76,657.0 per 10 grams

Silver Price in Mumbai:

• Today: Rs. 99,500.0 per kilogram
• Yesterday: Rs. 99,300.0 per kilogram
• Last week: Rs. 96,300.0 per kilogram

Gold Price in Kolkata:

• Today: Rs. 77,925.0 per 10 grams
• Yesterday: Rs. 77,635.0 per 10 grams
• Last week: Rs. 76,655.0 per 10 grams

Silver Price in Kolkata:

• Today: Rs. 100,800.0 per kilogram
• Yesterday: Rs. 100,800.0 per kilogram
• Last week: Rs. 97,700.0 per kilogram

Market Trends

As of publication, gold futures for November 2024 on the MCX were trading at Rs. 1,041.0 per 10 grams, reflecting a decrease of 1.839%. Silver futures for November 2024, on the other hand, were trading at Rs. 1,936.5 per kilogram, showing an increase of 5.503%.

Factors Affecting Gold and Silver Prices

Several elements influence the fluctuation of gold and silver prices, such as global demand, currency value changes, interest rates, and government regulations. Additionally, global events and the strength of the US dollar significantly affect gold prices in India.

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