Gold Silver Price Today 01 March 2024: Both Gold and Silver prices increased on the Multi Commodity Index on Friday.
The average price of 10 gram of 22K Gold stood at ₹57,900 while the 24K gold prices stood at ₹63,160.
The rate of 10 grams of 24K gold in Chennai stood at ₹63,710, which was followed by Delhi and Jaipur where the gold costs ₹63,310.
The average price of 1 kg of silver stood at ₹74,500.
However, in Chennai, Hyderabad, and Kerala the metal was sold at ₹76,200 followed by Delhi and Mumbai where the metal was sold at ₹74,500
Delhi - ₹63,310
Chennai - ₹63,710
Mumbai - ₹63,160
Kolkata - ₹63,160
Bengaluru - ₹63,160
Delhi - ₹74,500
Chennai - ₹76,200
Mumbai - ₹74,500
Kolkata - ₹74,500
Bengaluru - ₹71,850
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.