Gold, Silver Rate Today, October 31: Check 18, 22, 24 carat Gold prices in Chennai, Mumbai, Delhi, Kolkata
For several years, Gold has been considered one of the safest investments mainly due to its ability to preserve wealth during inflation and changes in the financial markets. For centuries, the precious metal, a form of wealth, acted as not only a symbol of prosperity but also as a reliable store of value, making it an attractive option for investors searching for stability during uncertain times. We bring you the latest gold prices in India. These rates, updated daily and are shared here for informational purposes.
What are the latest gold prices in India today?
As of today, gold prices in India have experienced a small drop. The price of 24K (99.9% purity) gold is Rs 12,147 per gram, while 22K (91.67% purity, the most common jewelry grade) gold is Rs 11,134. The price of gold has shown volatility in the last few days.
Which factors influence the price of 18, 22, and 24 carat gold?
The gold price in India is affected by both global and local factors. International gold rates, fluctuations in the U.S. Dollar, and local consumption for jewelry, especially during the festive season, all determine the inherent value of gold. As a result, India-based buyers find themselves facing fluctuations in gold pricing based on overall trends in economics and seasonal differences.
Why do gold rates vary across different cities like Delhi, Mumbai, Chennai, and Kolkata?
Today’s Gold Price in Delhi
The price of 24K gold in Delhi stands at Rs 12,162 per gram.
The price of 22K gold in Delhi stands at Rs 11,149 per gram.
Today’s Gold Price in Mumbai
The price of 24K gold in Mumbai stands at Rs 12,147 per gram.
The price of 22K gold in Mumbai stands at Rs 11,134 per gram.
Gold rates in Kolkata
The cost of 24K gold in Kolkata at present is Rs 12,147 per gram
The cost of 22K gold in Kolkata at present is Rs 11,134 per gram
Gold rates in Chennai
The cost of 24K gold in Chennai at present is Rs 12,327 per gram
The cost of 22K gold in Chennai at present is Rs 11,299 per gram
Currently, the price of silver in India is around Rs 1,50,900 a kilogram, while the price of Silver 925 (Sterling Silver) is around Rs 1,50,000 per kilogram, as reported by DNA.
STORY HIGHLIGHTS
- Gold has been considered one of the safest investments.
- The price of silver also depends on the global market.
- International gold rates, fluctuations in the U.S. Dollar, and local consumption for jewelry, especially during the festive season, all determine the inherent value of gold.
- Currently, the price of silver in India is around Rs 1,50,900 a kilogram.
Although it is often less expensive than gold, silver is still a common choice for investors and jewelry buyers, especially in countries that buy more silver ornaments than gold. The price of silver also depends on the global market, as the demand for silver for industrial use and manufacturing also plays a large part in price fluctuations.
Silver Price in Delhi Today:
Pure Silver: Rs 1,50,900 per kilogram
Silver 925 (Sterling): Rs 1,50,000 per kilogram
Silver Prices in India Today
- Delhi: Rs 1,509 per 10 grams (Silver 999)
- Mumbai: Rs 1,509 per 10 grams (Silver 999)
- Kolkata: Rs 1,509 per 10 grams (Silver 999)
- Chennai: Rs 1,649 per 10 grams (Silver 999)
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