Gold and Silver Prices: Minor Decline in Rates

byKiran BishtLast Updated: December 2, 2024

Gold prices witnessed a slight dip on Sunday, with the price of 24-carat gold at Rs. 7817.3 per gram, marking a reduction of Rs. 120.0. Similarly, the price of 22-carat gold stands at Rs. 7167.3 per gram, also reflecting a decrease of Rs. 120.0.

Over the past week, 24-carat gold prices have fluctuated by 2.95%, while experiencing a 4.14% decline over the last month.

Silver prices also saw a drop, with the current rate set at Rs. 94,600.0 per kilogram, reflecting a decrease of Rs. 100.0 per kilogram.

Gold and Silver Prices in Major Cities

Gold Price in Delhi

  • 1-12-2024: Rs. 78,173.0 for 10 grams
  • 30-11-2024: Rs. 77,513.0 for 10 grams
  • 25-11-2024: Rs. 79,803.0 for 10 grams

Silver Price in Delhi

  • 1-12-2024: Rs. 94,600.0 per kilogram
  • 30-11-2024: Rs. 92,500.0 per kilogram
  • 25-11-2024: Rs. 95,000.0 per kilogram

Gold Price in Chennai

  • 1-12-2024: Rs. 78,021.0 for 10 grams
  • 30-11-2024: Rs. 77,361.0 for 10 grams
  • 25-11-2024: Rs. 79,651.0 for 10 grams

Silver Price in Chennai

  • 1-12-2024: Rs. 1,02,700.0 per kilogram
  • 30-11-2024: Rs. 1,00,600.0 per kilogram
  • 25-11-2024: Rs. 1,03,600.0 per kilogram

Gold Price in Mumbai

  • 1-12-2024: Rs. 78,027.0 for 10 grams
  • 30-11-2024: Rs. 77,367.0 for 10 grams
  • 25-11-2024: Rs. 79,657.0 for 10 grams

Silver Price in Mumbai

  • 1-12-2024: Rs. 93,900.0 per kilogram
  • 30-11-2024: Rs. 91,800.0 per kilogram
  • 25-11-2024: Rs. 94,300.0 per kilogram

Gold Price in Kolkata

  • 1-12-2024: Rs. 78,025.0 for 10 grams
  • 30-11-2024: Rs. 77,365.0 for 10 grams
  • 25-11-2024: Rs. 79,655.0 for 10 grams

Silver Price in Kolkata

  • 1-12-2024: Rs. 95,400.0 per kilogram
  • 30-11-2024: Rs. 93,300.0 per kilogram
  • 25-11-2024: Rs. 95,800.0 per kilogram

MCX Futures Update

  • Gold December 2024 MCX futures: Trading at Rs. 76,400.0 per 10 grams, reflecting an increase of 0.893%.
  • Silver May 2025 MCX futures: Trading at Rs. 92,947.0 per kilogram, showing a rise of 1.204%.

Consider Digital Gold for Investment?

The fluctuating prices of physical gold often create uncertainty for investors. However, digital gold offers a modern and convenient alternative to traditional investments.

With Paytm Digital Gold, you can:

  • Invest in gold digitally with as little as Rs. 1, ensuring affordability for all budgets.
  • Store your gold safely in 100% insured vaults, eliminating the risks and hassles of physical storage.
  • Buy or sell gold 24×7, giving you unmatched flexibility.
  • Access live price updates and transparent rates to make informed decisions.

Digital gold also enables investors to avoid making bulk purchases in fluctuating markets by investing small amounts consistently. It serves as a practical and accessible way to diversify your portfolio while benefiting from the stability and value of gold.

Factors Influencing Gold and Silver Prices

Gold and silver prices are impacted by a combination of factors, including:

  • Global demand and supply dynamics
  • Currency value fluctuations
  • Prevailing interest rates
  • Government policies on gold trade

Additionally, significant global events, the strength of the US dollar, and the overall economic environment also play key roles in shaping these price movements.

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