Gold Silver Price Today June 03 2024: Both Gold and silver prices declined on the Multi Commodity Index on Monday.
The average price of 10 gram of 22K Gold stood at ₹66,100 while the 24K gold prices stood at ₹72,110.
The rate of 10 grams of 24K gold in Chennai stood at ₹72,720, which was followed by Delhi and Jaipur where the gold costs ₹72,260.
The average price of 1 kg of silver stood at ₹92,800
However, in Chennai, Hyderabad, and Kerala the metal was sold at ₹97,300 followed by Bengaluru where the metal was sold at ₹92,900
Delhi - ₹72,260
Chennai - ₹72,720
Mumbai - ₹72,110
Kolkata - ₹72,110
Bengaluru - ₹72,110
Delhi - ₹92,800
Chennai - ₹97,300
Mumbai - ₹92,800
Kolkata - ₹92,800
Bengaluru - ₹92,900
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.