Gold and silver prices remain a constant point of interest for consumers and investors. With their demand unwavering, these precious metals continue to show price fluctuations influenced by global market trends. On Friday, November 22, 2024, gold prices increased slightly, delivering yet another surprise for buyers. Here’s a detailed look at the latest rates and what’s driving them.
Current Gold and Silver Rates (as of 6 AM)
- 22K Gold Price: ₹71,460 per 10 grams
- 24K Gold Price: ₹77,960 per 10 grams
- Silver Price: ₹91,900 per kilogram
Gold prices rose by ₹10, while silver prices dipped by ₹100. Let’s explore the rates in major cities across India.
Gold Prices Across Key Cities (10 Grams)
| City | 22K Gold | 24K Gold |
|---|---|---|
| Hyderabad | ₹71,460 | ₹77,960 |
| Visakhapatnam | ₹71,460 | ₹77,960 |
| Vijayawada | ₹71,460 | ₹77,960 |
| Delhi | ₹71,610 | ₹78,110 |
| Mumbai | ₹71,460 | ₹77,960 |
| Chennai | ₹71,460 | ₹77,960 |
| Bengaluru | ₹71,460 | ₹77,960 |
Silver Prices Across Key Cities (1 Kilogram)
| City | Silver Price |
|---|---|
| Hyderabad | ₹100,900 |
| Visakhapatnam | ₹100,900 |
| Vijayawada | ₹100,900 |
| Delhi | ₹91,900 |
| Mumbai | ₹91,900 |
| Bengaluru | ₹91,900 |
| Chennai | ₹100,900 |
Market Dynamics Influencing Prices
The ongoing fluctuation in gold and silver prices stems from a mix of domestic and international factors:
- Global Economic Trends: International demand and supply largely dictate price changes.
- Currency Exchange Rates: A weaker Indian rupee can lead to higher gold prices in the domestic market.
- Investment Trends: Increased investor interest often pushes prices higher.
Why Should You Stay Updated?
Gold and silver prices can directly impact personal savings and investment decisions. Whether you are planning a festive purchase or considering bullion as a financial hedge, staying informed helps you make better decisions.
Conclusion
The rise in gold prices continues to challenge buyers, while silver offers slight relief with its marginal dip. As market trends evolve, keeping track of these fluctuations is crucial for both consumers and investors.
IFT Media brings you the latest updates in business, finance, and market trends. Stay tuned for more insightful coverage.
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