Gold and Silver price:
Gold is exchanged as bars, coins, bullions, jewelry, exchanges, exchange trade funds, and other forms. It serves as an excellent inflation hedge.
On Sunday, gold prices in India rose by 20 rupees. One gram of 22K gold was selling for $5,490, according to Goodreturns, a website that records daily gold prices. The price of one gram of 24K gold, on the other hand, was $5,989.
10 grams of 22K and 24K gold were priced at 55,050 and 60,040 rupees, respectively, in Delhi. The gold prices in other major cities on September 17 are listed below.
| CITY | 22K GOLD PRICE (Rs/10 GMS) | 24K GOLD PRICE (Rs/10 GMS) |
|---|---|---|
| MUMBAI | 54,900 | 59,890 |
| KOLKATA | 54,900 | 59,890 |
| CHENNAI | 55,300 | 60.320 |
| BENGALURU | 54,900 | 59,890 |
| HYDERABAD | 54,900 | 59,890 |
Gold is exchanged as bars, coins, bullions, jewelry, exchanges, exchange trade funds, and other forms.
The price of this precious metal in India is controlled by a number of factors, including currency, worldwide demand, interest rates, and government policy. If the Indian rupee falls against the US dollar, gold will become more expensive.
The gold price is also affected by international factors such as global economic development, dollar strength against other currencies, and so on. Another key factor is the precious metal’s demand. Prices will decline if demand for gold is not strong. The interest rate is another major element influencing the gold price. Gold prices, for example, fall when interest rates in countries such as the United States rise. When interest rates fall, the opposite occurs.
Silver price:
On Sunday, the price of silver in India remained steady. One gram of silver costs $74.70, according to the website Goodreturns. 10 gms of silver costs 747 in Mumbai, Delhi, and Kolkata.
