Gold Silver Price Today 05 March 2024: Gold prices increased slightly while the Silver prices fell on the Multi Commodity Index on Tuesday.
The average price of 10 gram of 22K Gold stood at ₹59,450 while the 24K gold prices stood at ₹64,850.
The rate of 10 grams of 24K gold in Chennai stood at ₹65,620, which was followed by Delhi and Jaipur where the gold costs ₹65,000.
The average price of 1 kg of silver stood at ₹74,700.
However, in Chennai, Hyderabad, and Kerala the metal was sold at ₹78,200 followed by Delhi and Mumbai where the metal was sold at ₹74,700
Delhi - ₹65,000
Chennai - ₹65,620
Mumbai - ₹64,850
Kolkata - ₹64,850
Bengaluru - ₹64,850
Delhi - ₹74,700
Chennai - ₹78,200
Mumbai - ₹74,700
Kolkata - ₹74,700
Bengaluru - ₹72,750
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.