Gold and silver prices in India have witnessed a major shift today, December 27, 2024. The gold rate in India saw a slight increase; the price for 24-carat gold is ₹7791.3 per gram, an addition of ₹280 to what it was yesterday. In contrast, 22-carat gold is available at ₹7143.3 per gram, with an increase of ₹250. However, silver rates surged dramatically, touching ₹95700 per kilogram, which is an addition of ₹1000 from yesterday.
Weekly gold price variations in 24-carat gold declined by 0.71%. The variation in monthly movement is witnessed with a small increase of 0.23%. This kind of fluctuation depicts the fact that the pricing of gold and silver in India on December 27 witnessed dynamic movements in terms of various domestic and international factors.
Gold and Silver Prices Around Northern India
The trend of gold prices is almost on the same level, though showing slight variations, in major northern cities. In Delhi, 24-carat gold is ₹77913 per 10 grams, which has increased from ₹77513 yesterday. Jaipur also saw the same increase, and today’s gold price stands at ₹77906 per 10 grams. Lucknow and Chandigarh have reported ₹77929 and ₹77922 per 10 grams, respectively. Amritsar leads with ₹77940 per 10 grams. These constant increases reflect steady demand and changes in market conditions that affect the gold prices in India on December 27.
Silver rates in the northern cities also soared with silver in Delhi priced at ₹95700 per kilogram. Its price had gone up from yesterday’s ₹94400. Jaipur had the same rate at ₹96100 per kilogram. Lucknow reported the highest rate at ₹96600. Chandigarh and Patna stood at ₹95100 and ₹95800, respectively.
What is driving Gold and Silver Rates
The gold and silver prices in India are influenced by a mix of international and local factors. These include fluctuations in demand in the international market, exchange rates of currency, and changes in the geopolitical situation. Interest rates and government policies also have a crucial impact. As of December 27, these dynamics will continue to influence trends for gold and silver prices in India. Buyers should follow these closely and seek guidance from experts on any likely shifts in the future.
The surge today reflects that gold and silver are holding the fort in India’s economic landscape as top investment choices.
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