New Delhi: The prices of gold and silver in India protract to be unauthentic by international trends, domestic demands and waffly currency rates. Gold and silver prices in India increased on Wednesday. As per bullions, 24K gold prices stand at Rs 1,54,870 per 10 grams in India, and silver 999 fine at Rs 2,54,900 per kg.
What well-nigh the price on MCX?
The gold futures on COMEX rose 0.31 per cent to $4,451.10 per ounce and silver increased 1.09 per cent to $65.815 per ounce during morning trade. The LBMA gold price is $4,390.70 per ounce in PM fixing on August 14. Likewise, the domestic spot gold price on MCX sealed at Rs 1,51,744 per 10 grams.
What is the price of gold?
Now the price of 24K gold is Rs 15,487 per gram. The price of 22K gold is Rs 14,196 per gram. Here are the prices of gold in cities in the country on Wednesday.
Delhi
24 carat: Rs 15,502 per gram
22 carat: Rs 14,211 per gram
18 carat: Rs 11,629 per gram
Mumbai
24 carat: Rs 15,487 per gram
22 carat: Rs 14,196 per gram
18 carat: Rs 11,677 per gram
Chennai
24 carat: Rs 15,492 per gram
22 carat: Rs 14,201 per gram
18 carat: Rs 12,051 per gram
Kolkata
24 carat: Rs 15,487 per gram
22 carat: Rs 14,196 per gram
18 carat: Rs 11,677 per gram
What is the reason of change?
The factors that influence the gold price in India are the international gold price, mart rate of US Dollar and jewellery demand in the country, expressly surpassing the festival season. Therefore, consumers in India squatter fluctuating gold prices due to all these factors.
What is the price of silver?
The price of silver in India is well-nigh Rs 2,54,900 for one kilogram. The silver metal is usually cheaper than gold. People still like to buy silver for investing and for making jewellery. This is expressly true in places where people like to wear silver ornaments than gold. The price of silver goes up and lanugo considering of what happens in the market.
