Prices of gold and silver have raised on November 24, 2024. The present spot price of 24 carat gold is ₹ 79,790 per 10 gm on MCX and silver is ₹ 92,000 per kilogram. This incremental growth has attracted the attention of investors and buyers hence increasing the activities in the markets. Now let’s take a look into the new gold and silver prices in different cities and the fact that caused this rise in prices.
Gold and Silver Prices of Delhi
For instance, gold prices have gone up in the capital city of Delhi. 22 carat gold costs about ₹73,150 per 10 gm and the 24 carat gold costs about ₹79,790 per 10 gm. Currently there are offered silver at ₹92,000 per kilogram, but this price is considered as rather high.
Prices in Jaipur
Even the cities like Jaipur which is the capital of Rajasthan is heightened with increase in price of gold as well as silver. Here, the rate for 22 carat gold is ₹73350 for 10 grams and the rate for 24 carat gold is ₹79790 for 10 grams. Silver in Jaipur is also being sold at ₹ 92,000 per kilogram, which is the highest rate they have ever been selling the precious metal.
Mumbai Gold and Silver Rates
In Mumbai however, gold prices are much cheaper than what we see in other cities. The price of 24-carat gold is ₹79,640 per 10 grams and 22-carat gold is ₹73,000 for 10 grams. Quoting for silver, they staying at ₹92,000 per kilogram in Mumbai.
Prices in Noida and Gurugram
At this corridor, the competition is stiff, and the prices of gold are just as competitive as those in Delhi, Noida and Gurugram. Today’s prices are for 22-carat gold that is ₹73,150 for 10 grams and the price for 24-carat gold is ₹79,790 for 10 grams. Silver is also Rs 92000 per kilogramme.
Gold and Silver Rate in Lucknow
It is for this reason that they have slightly different prices for gold and silver as compared to other cities. In this case, 22 carat gold is at ₹ 73,150 for 10 grams while the 24 carat gold is at ₹ 78,100 for 10 grams. The cost per gram of silver as expected is also ₹92,000 for per kilogram in Lucknow.
Reasons Behind the Price Rise
There are so many reasons that may be attributed to an increased rate within the gold and silver market. First, geopolitical turmoil in the world markets such as the attack on Ukraine by Russia has made investors use gold as an investment tool. Second, the changes on the international market also affected the prices of gold through the recent appreciation of the US dollar. The wedding season and more particularly the festive season in India have led to stepped up demand for gold and hence a rise in prices.
