Gold Price Rise Again Today: Check latest rates in your city
24 carat gold price was Rs 6631 per gram, up by Rs.65. 22 carat gold price was Rs 6074 per gram, up by Rs.59. 24 carat gold price change in last week is -2.56% while last month it is -3.96%.
Gold prices rise marginally on Monday. 24 carat gold price was Rs 6631 per gram, up by Rs.65. 22 carat gold price was Rs 6074 per gram, up by Rs.59. 24 carat gold price change in last week is -2.56% while last month it is -3.96%. Silver price was Rs.75600.0 per kg, up by Rs.100.0 per kg.
Gold and silver prices in various cities:
Chennai: Gold price Rs.66839.0/10gm, Silver price Rs.79100.0/1kg.
Delhi: Gold price Rs.66319.0/10gm, silver price Rs.75600.0/1kg.
Mumbai: Gold price Rs.65994.0/10gm, silver price Rs.75600.0/1kg.
Kolkata: Gold price Rs.66189.0/10gm, Silver price Rs.75600.0/1kg.
Gold August 2024 MCX futures was trading at Rs.66876.0 per 10 grams, up 0.18% at the time of publication. Silver May 2024 MCX futures was trading at Rs.74236.0 per kg, down 0.035% at the time of publication.
Fluctuations in gold and silver prices are influenced by various factors, including input from reputed jewellers. Factors such as global demand for gold, fluctuations in currency values between countries, prevailing interest rates and government regulations related to the gold market contribute to these fluctuations.
Additionally, global phenomena such as the state of the world economy and the strength of the US dollar against other currencies affect gold prices in the Indian market. Prices will simply consolidate to February consumer price inflation (CPI) data on Tuesday, as the Fed is now the single biggest driver of gold prices this week during the blackout period, Simpson said.
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A cooler reading in the CPI print will help with early rate cuts, supporting gold prices. Fed Chair Powell sounded more confident about cutting interest rates in the coming months in her congressional testimony last week. Traders currently expect three to four quarter-point (25 bps) U.S. Pricing in a rate cut, according to LSEG’s Interest Rate Probability App, has a 75% chance of the first in June.
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