In the Indian market, gold and silver prices have increased by trifling amounts today. Of the two precious metals, 24-carat gold reported a gain of ₹460 and traded at ₹7,818.3 grams. 22-karat gold, on the other hand, rose by ₹420 to ₹7,168.3 per gram. Silver prices did not see any upward or downward changes in major cities and were stable at ₹93,500 per kilogram.
Regional Gold and Silver Prices Today
Gold prices in North India
Prices increased, regionally, in some places
Delhi: ₹ 78,183 per 10 grams
Jaipur: ₹ 78,176 per 10 grams
Lucknow: ₹ 78,199 per 10 grams
Chandigarh: ₹ 78,192 per 10 grams
Amritsar : ₹ 78,210 per 10 grams
Silver Prices in North India
Delhi: ₹93,500 per kg. Remains unchanged from yesterday but at a point that is slightly down from the ₹95,700 per kg.
Jaipur: ₹93,900 per kg.
Lucknow: ₹94,400 per kg.
Chandigarh: ₹92,900 per kg.
Reasons why Gold and Silver Prices are going up today
The movement of gold and silver prices today is dominated by both international and domestic forces. Global demand, currency exchange rates, and geopolitics are more significant drivers in terms of the movement of gold, whereas in the Indian context, it is a movement driven largely by festive demand and government policies.
Unchanged silver prices can be indicative of a temporary demand-supply equilibrium. Usually, investors are in constant lookouts for inflation rates and international economy updates in relation to predicting changes in these metal prices.
Week-Over-Week Trends
Over the past week, 24-carat gold saw minor dips of 0.35% and 0.28% on a monthly basis. Similarly, silver prices have softened in recent days, particularly in cities like Lucknow and Jaipur. Experts suggest these fluctuations reflect broader global trends in the precious metals market.
Both gold and silver continue to be important investment options in India, as their stability often balances out market volatility. For consumers, tracking gold and silver prices today is important for making informed decisions about purchases or investments.
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