Today’s gold prices showcase a cost of ₹5,710 for one gram of 22K gold and ₹6,229 for 24K gold. Notably, gold prices increased by ₹30 per gram on Sunday. As reported by Goodreturns, the current rates for one gram of 22K and 24K gold are ₹5,710 and ₹6,229, respectively.
The term ‘K’ or carat is utilized to gauge the purity of gold. Pure gold, denoted as 24K, boasts 99% purity and remains in liquid form without traces of other metals. Conversely, 22K gold contains traces of metals like copper and zinc, making it suitable for jewelry crafting.
Examining the gold prices across major cities on Sunday, November 26, 2023:
| CITY | 22K GOLD PRICE (Rs/10 GMS) | 24K GOLD PRICE (Rs/10 GMS) |
|---|---|---|
| DELHI | 57,250 | 62,440 |
| MUMBAI | 57,100 | 62,290 |
| KOLKATA | 57,100 | 62,290 |
| CHENNAI | 57,550 | 62,780 |
| BENGALURU | 57,100 | 62,290 |
Gold prices are influenced by various factors, such as currency fluctuations, government policies, and demand. A depreciation of the Indian rupee against the US dollar leads to an increase in the gold price.
Additionally, international factors like global economic growth, the strength of the dollar against other currencies, and the demand for gold play pivotal roles in determining gold prices. A lack of robust demand for gold can result in price declines.
Turning attention to silver prices, there was a Re 1 increase on Sunday, with one gram of silver priced at ₹77.20, according to Goodreturns. In India, silver prices are influenced by factors such as gold rates, industrial demand, bulk purchases, and inflation. Notably, an increase in gold prices corresponds to an increase in silver prices.
In Delhi, Mumbai, and Kolkata, the price of 10 grams of silver was ₹772, while in Bengaluru and Chennai, it stood at ₹762.50 and ₹802, respectively.
This post is for informational purposes only.Invest responsibly.No guarantees of results. Seek professional guidance before investing.Consult experts for personalized advice.AI-assisted content, editorially reviewed.See our terms for details. Follows Google policies.Not affiliated with Investopedia.com. investopedia.co.in Independent site.
