Gold Silver Price Today May 29 2024: Both Gold and silver prices increased on the Multi Commodity Index on Wednesday.
The average price of 10 gram of 22K Gold stood at ₹67,100 while the 24K gold prices stood at ₹73,200.
The rate of 10 grams of 24K gold in Chennai stood at ₹73,910, which was followed by Delhi and Jaipur where the gold costs ₹73,350.
The average price of 1 kg of silver stood at ₹97,700
However, in Chennai, Hyderabad, and Kerala the metal was sold at ₹1,02,200 followed by Delhi and Mumbai where the metal was sold at ₹97,700
Delhi - ₹73,350
Chennai - ₹73,910
Mumbai - ₹73,200
Kolkata - ₹73,200
Bengaluru - ₹73,200
Delhi - ₹97,700
Chennai - ₹1,02,200
Mumbai - ₹97,700
Kolkata - ₹97,700
Bengaluru - ₹95,250
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.