Latest Gold and Silver Prices in Major Indian Cities as of September 5 ;On Tuesday, gold prices experienced a slight dip, with 22-carat gold holding steady at ₹5,515 per gram, compared to the previous day’s rate of ₹5,530. For larger quantities, such as 8 grams and 10 grams, the prices were ₹44,120 and ₹55,150, respectively. Notably, the cost for 100 grams of 22-carat gold remained consistent at ₹5,51,500. Meanwhile, 24-carat gold was priced at ₹6,016 per gram.
Silver prices remained stable, with one kilogram of silver commanding a nationwide cost of ₹76,200.
Here’s a breakdown of gold and silver prices in major Indian cities as of September 5:
- New Delhi:
- Gold (Rs/10 gram): ₹55,450
- Silver (Rs/kg): ₹76,200
- Mumbai:
- Gold (Rs/10 gram): ₹55,150
- Silver (Rs/kg): ₹76,200
- Kolkata:
- Gold (Rs/10 gram): ₹55,150
- Silver (Rs/kg): ₹76,200
- Chennai:
- Gold (Rs/10 gram): ₹55,450
- Silver (Rs/kg): ₹79,000
These price fluctuations are influenced by a multitude of factors, with insights from reputable jewelers playing a pivotal role. Global gold demand, currency values in various nations, prevailing interest rates, and government regulations governing gold trade all contribute to these fluctuations. Additionally, global events such as the state of the global economy and the strength of the US dollar in relation to other currencies exert their influence on gold prices in the Indian market. Stay informed about these factors to make well-informed decisions regarding gold and silver investments.