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Synopsis: The prices of gold and silver in India have seen notable declines across major cities, with a 6% drop in 24-carat gold over the past ten days. Both Mumbai and Delhi reported lower prices for gold and silver compared to the previous week, reflecting broader market trends influenced by global economic factors.
On July 31, 2024, both gold and silver prices experienced declines across several major Indian cities. The price of 24-carat gold stood at Rsper 10 grams, while 22-carat gold was priced at ?63,085 per 10 grams. This marks a 0.4% decrease in the price of 24-carat gold over the last week, with a more substantial 6% drop observed over the past ten days.
Silver prices also fell, with the current rate quoted at ?827 per 10 grams. Over the same period, silver prices have reflected a decline, impacting both small investors and those involved in the silver trading industry.
City-Wise Gold and Silver Rates:
Mumbai: Gold was priced at Rsper 10 grams, slightly up from ?68,440 on July 30 but lower than ?69,120 on July 24. The silver rate was ?82,700 per kilogram, down from ?84,770 a week earlier.
Delhi: Gold was listed at ?68,710 per 10 grams, with silver at ?82,560 per kilogram, both showing a decline compared to a week earlier.
Kolkata: Gold prices stood at ?68,730 per 10 grams, showing a marginal increase from the previous day but still lower than the previous week. Silver was priced at ?82,590 per kilogram, reflecting a week-on-week drop.
These fluctuations in gold and silver prices are influenced by a variety of factors, including global demand, currency value changes, and economic conditions, which are closely watched by investors and analysts alike.
Disclaimer: The data provided in this article is based on current market trends and is intended for informational purposes only. It does not constitute financial advice. Please consult a financial advisor before making any investment decisions.
