Gold prices latest updates: Here to know about the prices

The price change in 24 carat gold in the last one week has been 0.67 percent while the silver cost is Rs 78600.0 per kg, down by Rs300.0 per kg. The fluctuations in Gold and silver prices are impacted by a range of elements, which includes input from respected jewelers. Factors influencing the rates are global demand for gold, currency value fluctuations like rupee depreciation or appreciation, interest rates, and government regulation in the gold trade. The other global level factors that contribute to manifest the gold price rate in Indian market is fluctuations of US dollar currency in stock market exchange.

Further the US Fed Reserve interest cut rates is a major factor to make or break the economy , whether for domestic or foreign nations. Even the Indian stock market is strongly depends upon the global interest rate. 

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The higher interest rates will discourage investors from taking chances and hence the economy will be adversely affected. This can unstabilise the stock market to further raising more volatile circumstances in equity market. The geopolitical turmoil surfacing Middle east and west asia tensions can also escalate the inflatory pressure in the global stock market, ultimately shattering the price rates.

The Gold and Silver price rate as per major metro cities are as follows:

1- Chennai- The Gold price is Rs 63970.0 per 10gm and Silver price is Rs80,000.0 per 1 kg.

2- Delhi- The Gold price is Rs 63970.0 per 10gm and Silver price is 78600 per 1 kg.

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3- Mumbai- The Gold price is Rs 63820.0 per 10gm and Silver price is Rs78600.0 per 1 kg.

4- Kolkata- The Gold price is Rs 63820.0 per 10gm and Silver price is Rs78600.0 per 1 kg.

 

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