Gold and Silver Prices Experience Fluctuations Across Indian Cities

Gold and silver rates continue to demonstrate variability across Indian cities, as observed on the 17th of October, 2024. The price of 24-carat gold is ₹7,807.3 per gram, reflecting an increase of ₹510 from the previous rate. Meanwhile, the 22-carat gold rate has risen by ₹470, positioning it at ₹7,158.3 per gram. Over the past week, the 24-carat gold price has decreased by 1.26%, and over the last month, it has seen a decline of 5.49%.

In Delhi, the price of gold stands at ₹78,073 per 10 grams. This represents an increase from ₹77,783 per 10 grams recorded on the 16th of October, 2024, and a noticeable rise from ₹76,803 per 10 grams on the 11th of October, 2024. The silver rate in Delhi remains steady at ₹100,000 per kilogram, identical to the previous day’s price, though it marks an increase from ₹97,000 on the 11th of October.

The gold rate in Chennai today is ₹77,921 per 10 grams, increasing from ₹77,631 observed on the 16th of October, and from ₹76,651 on the 11th of October. The silver rate remains unchanged from the previous day at ₹105,600 per kilogram, marking a rise from ₹102,600 noted a week earlier.

Mumbai‘s gold rate is currently ₹77,927 per 10 grams, up from ₹77,637 on the prior day and ₹76,657 from the previous week. The city’s silver rate is recorded at ₹99,500 per kilogram, a slight increase from ₹99,300 on the previous day and up from ₹96,300 a week ago.

In Kolkata, the gold price stands at ₹77,925 per 10 grams, which reflects an increase from ₹77,635 noted on the 16th, and a further increase from ₹76,655 on the 11th. Silver prices in Kolkata are static at ₹100,800 per kilogram, unchanged from the previous day while showing an upward change from the previous week’s rate of ₹97,700.

The November 2024 Multi Commodity Exchange (MCX) futures for gold are trading at ₹1,041 per 10 grams, showing a minor decline of ₹1.839 at the time of publishing. Meanwhile, the March 2025 MCX futures for silver are priced at ₹94,036 per kilogram, slightly down by ₹0.564.

Fluctuations in gold and silver prices are influenced by various factors, including contributions from major jewelers, global market demand, currency value changes, interest rates, and government policies. Moreover, international conditions, such as the economic climate and the strength of the US dollar against other currencies, significantly affect gold rates in India.