Gold and Silver prices on October 23: Check latest rates of your city

According to GoodReturns, the price of 22-carat gold was Rs 56,350 grams; Rs 61,450 for 10 gm 24-carat gold and silver at Rs 74,100 per kg respectively.

Edited By: Alina Khan

Last Updated : 23 October 2023, 10:39 AM IST

According to the latest gold and silver prices, on Friday, 22-carat gold prices in India are at Rs 5,635 per gram, while for 24-carat the price is at Rs 6,145 per gram.

The price of 22-carat gold was at Rs 56,350 per gram; Rs 61,450 for 10 gm 24-carat gold and silver at Rs 74,100 per kg respectively, according to GoodReturns. While the silver rate was at Rs 75.10 per gram whereas for 10 grams it was at Rs 751.

Check rates of Gold and Silver here:

Cities	22-carat Gold (10 gm)	24-carat Gold (10 gm)	Silver (1 kg)
Delhi	56,500	61,600	75,100
Mumbai	56,350	61,450	75,100
Chennai	56,600	61,750	78,500
Kolkata	56,350	61,450	75,100
Bengaluru	56,350	61,450	74,500
Hyderabad	56,350	61,450	78,500
Kerala	56,350	61,450	78,500

What determines gold and silver rates?

To comprehend the fluctuations in gold and silver rates, it's 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.

Gold and Silver prices on October 23: Check latest rates of your city