Precious Metals Update: Gold and Silver Prices Drop—Get the Details!

On October 14, 2024, gold prices saw a slight decline. The price of 24-carat gold is now Rs.7,783.30 per gram, down by Rs.10.00. Meanwhile, 22-carat gold is priced at Rs.7,136.30 per gram, also reflecting a decrease of Rs.10.00. Over the past week, 24-carat gold has decreased by 0.04%, and it has fallen by 2.93% in the last month. The current price of silver stands at Rs.100,000.00 per kilogram, down by Rs.100.00.

Gold Prices in Major Cities

Delhi:

Gold: Rs.77,833.00 for 10 grams Previous day (October 13): Rs.77,583.00 for 10 grams Last week (October 8): Rs.77,613.00 for 10 grams

Chennai:

Gold: Rs.77,681.00 for 10 grams Previous day (October 13): Rs.77,431.00 for 10 grams Last week (October 8): Rs.77,461.00 for 10 grams

Mumbai:

Gold: Rs.77,687.00 for 10 grams Previous day (October 13): Rs.77,437.00 for 10 grams Last week (October 8): Rs.77,467.00 for 10 grams

Kolkata:

Gold: Rs.77,685.00 for 10 grams Previous day (October 13): Rs.77,435.00 for 10 grams Last week (October 8): Rs.77,465.00 for 10 grams Silver Prices in Major Cities

Delhi:

Silver: Rs.100,000.00 per kilogram Previous day (October 13): Rs.99,200.00 per kilogram Last week (October 8): Rs.100,000.00 per kilogram

Chennai:

Silver: Rs.105,600.00 per kilogram Previous day (October 13): Rs.104,800.00 per kilogram Last week (October 8): Rs.105,600.00 per kilogram

Mumbai:

Silver: Rs.99,300.00 per kilogram Previous day (October 13): Rs.98,500.00 per kilogram Last week (October 8): Rs.99,200.00 per kilogram

Kolkata:

Silver: Rs.100,800.00 per kilogram Previous day (October 13): Rs.100,000.00 per kilogram Last week (October 8): Rs.100,800.00 per kilogram

As of the latest data, gold futures for February 2025 on the MCX are trading at Rs.76,731.00 for 10 grams, reflecting a decrease of 0.057%. Silver futures for November 2024 are trading at Rs.2,596.50 per kilogram, down by 11.744%.

Fluctuations in gold and silver prices are influenced by several factors, including global demand, currency fluctuations, interest rates, and government regulations on the gold trade. Additionally, global economic conditions and the strength of the U.S. dollar can significantly impact gold prices in the Indian market.

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