Gold and silver prices are sensitive to geopolitical tensions and often rise during times of uncertainty. The ongoing conflict between Israel and Hamas has led to a surge in gold prices. The price of gold opened at ₹55,700 per 10 grams on the Multi Commodity Exchange (MCX)
The price of silver has also been fluctuating. However, it remained unchanged on Thursday. The average price of 10gm of Silver was at ₹746 and 1 kg of silver stood at ₹74,600
It is important to note that gold and silver prices are also influenced by other factors such as interest rates and global demand. Therefore, it is difficult to predict how prices will behave in the future. However, if the conflict continues to escalate, gold prices could rise even further.
The rate of 10 grams of 24K gold in Chennai stood at ₹60,720, which was followed by Delhi and Lucknow where the gold costs ₹60,650.
In Chennai, Hyderabad and Kerala the silver metal was sold at ₹78,000, followed by Mumbai and Delhi where the metal was sold at ₹74,600
Delhi - ₹60,650
Chennai - ₹60,720
Mumbai - ₹60,760
Kolkata - ₹60,760
Bengaluru - ₹60,760
Delhi - ₹74,600
Chennai - ₹78,000
Mumbai - ₹74,600
Kolkata - ₹74,600
Bengaluru - ₹74,000