On Thursday, 22-carat gold prices in India are at Rs 5,259 per gram, while for 24-carat the price is at Rs 5,737 per gram.According to GoodReturns, the price of 22-carat gold was at Rs 52,600 per 10 grams Rs 57,380 for 10 gm 24-carat gold and silver at Rs 71,000 per kg respectively.Cities22-carat Gold (10 gm)24-carat Gold (100 gm)Silver (1 kg)Delhi52,750 57,530 71,000Mumbai52,600 57,38071,000Chennai52,90057,71073,500Kolkata52,600 57,38071,000Bengaluru52,60057,38073,500Hyderabad52,600 57,38073,500Kerala52,600 57,38073,500What determines gold and silver ratesTo comprehend the fluctuations in gold and silver rates, its crucial to know the factors that influence them. These include:Global Market Trends – Global economic conditions, geopolitical events, and currency fluctuations can significantly impact the rates of gold and silver in India.Local Demand and Supply – Domestic factors, such as festive seasons and weddings, influence the demand for gold in India. Moreover, mining and import policies play a role in supply and pricing.Investment Opportunities:Buying Gold and Silver – Learn about various ways to invest in gold and silver, from physical purchases to digital investments like ETFs and sovereign gold bonds.In a country where gold and silver are more than just commodities, understanding their rates and significance is essential. By staying informed about global and local factors affecting their prices and making strategic investment decisions, you can navigate the ever-changing landscape of gold and silver rates in India.
