The start of the week has brought notable movements in the prices of gold and silver across major cities in India. On October 14, 2024, the 24-carat gold and silver price fluctuated. Key markets like Delhi, Chennai, Mumbai, and Kolkata reflected changes compared to the previous week and month.
Also Read: Market Outlook for October 14: Indian Stock Market Poised for Positive Start
In Delhi, the price of 24-carat gold stands at ₹77,833 per 10 grams, a rise from the previous day’s rate of ₹77,583 per 10 grams.
On a broader scale, gold has witnessed a minor decline in the past month. Today’s increase follows last week’s rate of ₹77,613 per 10 grams, reflecting an ongoing fluctuation that marks the market’s response to global demand and economic conditions.
The price of 22-carat gold in Delhi follows a similar pattern, standing at ₹71,363 per 10 grams today, down by ₹ 10 from the last trading session. This aligns with a broader market trend where both types of gold have experienced slight yet steady variations over recent days.
For silver, the rates have also shifted. In Delhi, the price of silver has risen to ₹1,00,000 per kilogram, up from ₹99,200 per kilogram on October 13.
This increase marks a notable fluctuation, as the metal’s value last week was recorded at the same ₹1,00,000 per kilogram. The silver market continues to respond to global economic factors, contributing to its volatility.
In Chennai, the price of 24-carat gold has increased to ₹77,681 per 10 grams, compared to ₹77,431 the previous day. Over the past week, the rate had been slightly lower at ₹77,461 on October 8.
The silver price in Chennai reflects an upward trend, standing at ₹1,05,600 per kilogram today, compared to ₹1,04,800 per kilogram yesterday.
Mumbai’s gold market has also shown signs of fluctuation. Today’s rate for 24-carat gold is ₹77,687 per 10 grams, up from ₹77,437 yesterday and slightly higher than the price of ₹77,467 recorded last week.
The silver rate in Mumbai has increased to ₹99,300 per kilogram from ₹98,500 yesterday, marking a steady rise in the market.
In Kolkata, the price of 24-carat gold stands at ₹77,685 per 10 grams today, a rise from ₹77,435 on October 13. The silver price in the city has also seen some movement, recorded at ₹1,00,800 per kilogram, a slight decline from yesterday’s price of ₹1,00,000.
These price fluctuations in gold and silver reflect broader market trends influenced by international economic conditions, the strength of the US dollar, and changes in demand for these metals.
With the festival season on the horizon, many consumers and investors keep a close eye on the metal markets, anticipating further price changes in the coming days.
