Gold and silver prices have experienced notable fluctuations across major Indian cities like Delhi and Mumbai. As of mid-September 2024, gold prices for 22K and 24K varieties have increased slightly due to ongoing economic factors and international market trends. In Delhi, 22K gold is priced around ₹55,000 per 10 grams, while in Mumbai, the rates are close to ₹54,700.
Similarly, silver prices have seen a surge, trading at approximately ₹75,000 per kilogram in both cities. Global demand, changes in the U.S. dollar, and the Federal Reserve’s policies have all played roles in influencing precious metal prices.
Also Read: Gold Prices Surge in Dubai: 22K Gold Jumps by Rs 2,287
The Indian market closely follows international cues, and the ongoing economic policies, inflation rates, and currency fluctuations continue to impact both gold and silver prices. As these metals are seen as safe-haven investments, any instability in global financial markets often results in increased buying activity.
Investors looking to buy gold or silver should stay informed about the latest price movements to make well-timed decisions. Keep an eye on global market updates and any potential shifts in U.S. interest rates or economic data releases.
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