Gold Silver Price Today 29 February 2024: Both Gold and Silver prices increased on the Multi Commodity Index on Thursday.
The average price of 10 gram of 22K Gold stood at ₹57,590 while the 24K gold prices stood at ₹62,830.
The rate of 10 grams of 24K gold in Chennai stood at ₹63,440, which was followed by Delhi and Jaipur where the gold costs ₹62,990.
The average price of 1 kg of silver stood at ₹74,200.
However, in Chennai, Hyderabad, and Kerala the metal was sold at ₹75,700 followed by Delhi and Mumbai where the metal was sold at ₹74,200
Delhi - ₹62,990
Chennai - ₹63,440
Mumbai - ₹62,830
Kolkata - ₹62,830
Bengaluru - ₹62,830
Delhi - ₹74,200
Chennai - ₹75,700
Mumbai - ₹74,200
Kolkata - ₹74,200
Bengaluru - ₹71,500
Gold and Silver prices experience fluctuations influenced by multiple factors, including insights from jewellers. These factors encompass global demand for gold, fluctuations in currency values across nations, prevailing interest rates, and governmental regulations governing the gold trade.
Additionally, global events such as the state of the world economy and the strength of the US dollar relative to other currencies significantly impact gold prices within the Indian market.