In Delhi, the price of 10 grams of 22K gold is ₹55,100, while the price of 10 grams of 24K gold is ₹66,100. Gold prices increased by ₹10 on Sunday. According to the website Goodreturns, one gram of 22K gold was priced at ₹5,495, while 24K gold costs ₹5,995.
‘K’ or carat is a term used to measure the purity of gold. 24K gold is called pure gold as it has 99.9 percent purity, is in a liquid form, and does not contain traces of other metals. On the other hand, 22K gold has traces of other metals like copper and zinc and is commonly used for making jewelry.
Here are the gold prices for major cities on September 24:
- Delhi: 22K Gold – ₹55,100, 24K Gold – ₹60,100
- Mumbai: 22K Gold – ₹54,950, 24K Gold – ₹59,950
- Kolkata: 22K Gold – ₹54,950, 24K Gold – ₹59,950
- Chennai: 22K Gold – ₹55,210, 24K Gold – ₹60,230
- Bengaluru: 22K Gold – ₹54,950, 24K Gold – ₹59,950
Gold prices are influenced by various factors, including currency exchange rates, interest rates, global demand, and government policies. When the Indian rupee weakens against the US dollar, gold prices tend to increase. International factors such as global economic growth, the strength of the US dollar against other currencies, and overall demand for gold also impact its price. Additionally, interest rates play a role; when interest rates rise in countries like the United States, gold prices tend to fall, and vice versa.
Silver Prices: The price of silver increased by 30 paise on Sunday. One gram of silver is worth ₹75.80, while in Delhi, Mumbai, and Kolkata, the price of 10 grams of silver is ₹758. In Chennai and Bengaluru, the cost of 10 grams of silver is ₹793 and ₹742.50, respectively.
Silver is considered more affordable than gold, and its price in India is influenced by various factors, including gold rates. If gold prices rise, silver rates often follow suit. Furthermore, silver prices can be influenced by large purchases.
