Want to know todays gold and silver prices So, this news is for you! As of Thursday, 22-carat gold prices in India are at Rs 5,365 per gram, while for 24-carat the price is at Rs 5,853 per gram on October 12.The price of 22-carat gold was at Rs 53,650 per 10 grams Rs 58,530 for 10 gm 24-carat gold and silver at Rs 72,600 per kg respectively, according to GoodReturns.Check Gold and Silver prices here: Cities22-carat Gold (10 gm)24-carat Gold (100 gm)Silver (1 kg)Delhi53,80058,68072,600Mumbai53,65058,53072,600Chennai53,80058,69075,500Kolkata53,65058,53072,600Bengaluru53,65058,53070,500Hyderabad53,65058,53070,500Kerala53,650 58,53070,500What 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.
