North India Statesman
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The prices of gold and silver are constantly increasing. 24 carat gold has now crossed ₹ 93,300, which is a big indication for both investors and common customers that the market remains rapid. According to the India Bullion and Jewelers Association (IBJA), gold prices rose from ₹ 90,161 per 10 grams to ₹ 93,353 on Friday. Similarly, silver has also jumped from ₹ 90,669 per kg to ₹ 92,929.
However, the market remains closed on Saturday and Sunday and this time on Monday, there is a holiday due to Dr. Bhimrao Ambedkar Jayanti. For this reason, the same price will remain stable on this day. Now the question arises – what is the fresh sense of gold in your city? And what prices are going on according to different carats? Let’s know in detail.
Today’s fresh gold and silver rates
- 24 carat (999) gold – ₹ 93,353 per 10 grams
- 23 carat (995) gold – ₹ 92,979 per 10 grams
- 22 carats (916) gold – ₹ 85,511 per 10 grams
- 18 carat (750) gold – ₹ 70,015 per 10 grams
- 14 carats (585) gold – ₹ 54,612 per 10 grams
- 24 carat silver (999) – ₹ 92,929 per kg
Gold prices according to the city (10 grams per)
| City name | 22 carat | 24 carat | 18 carat |
|---|---|---|---|
| Chennai | ₹ 87,690 | ₹ 95,660 | ₹ 72,590 |
| Mumbai | ₹ 87,690 | ₹ 95,660 | ₹ 71,750 |
| Delhi | ₹ 87,840 | ₹ 95,810 | ₹ 71,870 |
| Kolkata | ₹ 87,690 | ₹ 95,660 | ₹ 71,750 |
| Ahmedabad | ₹ 87,740 | ₹ 95,690 | ₹ 71,790 |
| Jaipur | ₹ 87,840 | ₹ 95,810 | ₹ 71,870 |
| Patna | ₹ 87,740 | ₹ 95,690 | ₹ 71,790 |
| Lucknow | ₹ 87,840 | ₹ 95,810 | ₹ 71,870 |
| Ghaziabad | ₹ 87,840 | ₹ 95,810 | ₹ 71,870 |
| Noida | ₹ 87,840 | ₹ 95,810 | ₹ 71,870 |
| Ayodhya | ₹ 87,840 | ₹ 95,810 | ₹ 71,870 |
| Gurugram | ₹ 87,840 | ₹ 95,810 | ₹ 71,870 |
| Chandigarh | ₹ 87,840 | ₹ 95,810 | ₹ 71,870 |
What do gold and silver prices in India depend on?
Gold prices in India are based on some major factors:
- Prices in international market – India imports most of its gold. So when prices in the international market rise, the prices of gold in India also increase.
- Dollar-Rupaya Exchange Rate – When the rupee is weak, gold becomes expensive because India has to pay in dollars.
- Import duty and tax – Duties and tax imposed by the government also affect prices.
- demand and supply – Especially during festivals and wedding season, the demand for gold increases, causing prices to go up.
- Political and economic instability – When there is uncertainty globally, people consider gold as safe investment, which increases its demand.
Gold has its own distinct emotional and cultural significance in India. Buying gold on marriage, festival or any particular occasion has become a tradition. This is the reason why people always keep an eye on its prices.
