The gold rate today witnessed a slight decrease, with the cost of 24 carat gold falling by Rs. 1,027.0 to Rs. 7,556.2 per gram. The 22 carat gold rate also dropped by Rs. 941.0 to Rs. 6,921.4 per gram. In the past week, the price change in 24 carat gold has been a modest 0.07%, while it has decreased by 1.86% in the last month.
The silver rate today also saw a decline, with the cost of silver falling by Rs. 170.0 per kg to Rs. 92,980.0 per kg.
City-Wise Gold Rate and Silver Rate Today
In Delhi, the gold rate today is ₹75,562.0 per 10 grams, up from ₹75,071.0 yesterday and ₹75,127.0 last week. The silver rate in Delhi today is ₹92,980.0 per kg, compared to ₹86,460.0 yesterday and ₹86,400.0 last week.
Chennai’s gold rate today is ₹75,710.0 per 10 grams, an increase from ₹74,997.0 yesterday and ₹75,568.0 last week. The silver rate in Chennai today stands at ₹92,980.0 per kg, up from ₹86,550.0 yesterday and ₹86,490.0 last week.
In Mumbai, the gold rate today is ₹75,562.0 per 10 grams, slightly lower than ₹75,584.0 yesterday but higher than ₹75,054.0 last week. The silver rate in Mumbai today is ₹92,980.0 per kg, compared to ₹86,460.0 yesterday and ₹86,400.0 last week.
Kolkata’s gold rate today is ₹75,562.0 per 10 grams, up from ₹75,511.0 yesterday and ₹75,201.0 last week. The silver rate in Kolkata today is ₹92,980.0 per kg, higher than ₹86,460.0 yesterday and ₹86,400.0 last week.
Futures Market
At the time of publishing, the gold August 2024 MCX futures were trading at Rs. 72,810.0 per 10 grams, down by 0.58%. The silver December 2024 MCX futures were trading at Rs. 94,817.0 per kg, down by 1.93%.
Factors Influencing Gold Rate and Silver Rate Today
The gold rate and silver rate today are influenced by various factors, including global demand for gold, currency fluctuations, interest rates, and government regulations on gold trade. Input from respected jewelers also plays a role in these price changes. Additionally, global events such as the state of the global economy and the strength of the US dollar against other currencies impact the gold rate today in the Indian market.