Iran-Israel war fuels gold price: Check April 15 rates for 24 carat

Gold Silver Price Today April 15 2024: Driven by the Iran-Israel war, both gold and silver prices recorded a high on the Multi Commodity Index on Monday. This comes even as the US dollar index rally touching a 34-year high against Yen.

The geo-political tensions have fueled a rush into safe-haven assets propelling gold prices up by 1.6%

"Gold prices are largely driven by escalating tensions between Iran and Israel amidst the ongoing Middle East crisis. This geopolitical uncertainty has fueled a rush into safe-haven assets, propelling gold prices up by 1.6%. Despite this sharp increase, the overall trend in gold remains bullish, with strong support seen at Rs 70,000 per 10 gm mark", Jateen Trivedi, VP Research Analyst - Commodity and Currency at LKP Securities told Mint.

Gold, Silver Prices

The average price of 10 gram of 22K Gold stood at ₹67,050 while the 24K gold prices stood at ₹73,150.

The rate of 10 grams of 24K gold in Chennai stood at ₹74,070, which was followed by Delhi and Jaipur where the gold costs ₹73,300.

The average price of 1 kg of silver stood at ₹86,000

However, in Chennai, Hyderabad, and Kerala the metal was sold at ₹89,500 followed by Delhi and Mumbai where the metal was sold at ₹86,000

24 Carat Gold Price Today 15 April (per 10gm) - Indian Top Cities

Delhi - ₹73,300
Chennai - ₹74,070
Mumbai - ₹73,150
Kolkata - ₹67,050
Bengaluru - ₹73,150

1 KG Silver Price Today 11 April - Indian Top Cities

Delhi - ₹86,000
Chennai - ₹89,500
Mumbai - ₹86,000
Kolkata - ₹86,000
Bengaluru - ₹84,650

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.