Gold Prices Soar Across India
Gold prices rose today, capturing the attention of investors and buyers alike. With 24-carat gold now at Rs 7780.3 per gram, up by Rs 550, and 22-carat gold priced at Rs 7133.3 per gram, up by Rs 500, the market is abuzz with activity. Silver, too, saw an increase, now priced at Rs 500 per kg, up by Rs 500. On the Multi Commodity Exchange (MCX), gold contracts for December delivery surged by Rs 242, or 0.32%, reaching Rs 76,276 per 10 grams amidst a business turnover of 8,313 lots. Analysts attributed this rise to new facilities developed by participants, reflecting strong market sentiment and robust demand in the spot market.
Global Trends Impacting Prices
Gold futures experienced a 0.24% increase on international markets, hitting USD 2,657.06 an ounce in New York. The price of gold constantly reacts to global economic trends and local demand, making it a prime location for investors and traders.
City-Wise Gold and Silver Rates
Delhi
- Gold: Rs 77,803 per 10 grams (24-carat)
- Yesterday: Rs 76,493
- Last Week: Rs 75,813
- Silver: Rs 95,200 per kg
- Yesterday: Rs 92,500
- Last Week: Rs 92,500
Chennai
- Gold: Rs 77,651 per 10 grams (24-carat)
- Yesterday: Rs 76,341
- Last Week: Rs 75,661
- Silver: Rs 1,03,600 per kg
- Yesterday: Rs 1,01,600
- Last Week: Rs 1,01,600
Mumbai
- Gold: Rs 77,657 per 10 grams (24-carat)
- Yesterday: Rs 76,347
- Last Week: Rs 75,667
- Silver: Rs 94,500 per kg
- Yesterday: Rs 91,800
- Last Week: Rs 94,500
Kolkata
- Gold: Rs 77,655 per 10 grams (24-carat)
- Yesterday: Rs 76,345
- Last Week: Rs 75,665
- Silver: Rs 96,000 per kg
- Yesterday: Rs 93,300
- Last Week: Rs 96,000
Market Trends on MCX Futures
- Gold (Dec 2024): Rs 76,247 per 10 grams, up by 0.28%.
- Silver (May 2025): Rs 94,438 per kg, up by 0.168%.
Factors Influencing Prices
Gold and silver rates in India are shaped by both global and local factors, including:
- Global Factors: Demand trends, economic stability, and dollar strength.
- Local Determinants: Input from major jewelers, currency fluctuations, government policies, and interest rates.
Stay updated with the latest gold and silver rates in your city by checking back regularly.
