Gold prices rose today, with 24-carat gold at Rs 7780.3 per gram, up by Rs 550. Similarly, 22-karat gold is currently priced at Rs 7133.3 per gram, up by Rs 500. Silver prices also increased, to Rs 500 per kg up by Rs 500. On the Multi Commodity Exchange (MCX), gold contracts for December delivery rose by Rs 242, or 0.32%, to Rs 76,276 per 10 grams. This increase came amidst a business turnover of 8,313 lots.
Analysts attributed the increase in prices to new facilities developed by participants, reflecting strong market sentiment and robust demand in the spot market.
Global trends
Gold futures were up 0.24 per cent 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
- 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%.
Price influences
Gold and silver rates in India are shaped by:
1. Global Factors: Demand trends, economic stability, and dollar strength.
2. Local Determinants:
- Input from major jewelers.
- Currency fluctuations.
- Government policies and interest rates.
For the latest updates on gold and silver rates in your city, check back regularly.
Also read | Applying for a personal loan? Essential dos and don’ts to keep in mind
