Gold prices across India remained unchanged on June 24. According to website Goodreturns, one gram of 22K gold costs ₹5,410 while the price of 24K gold was ₹5,902 per gram.
In the national capital, 10 gms of 22K gold costs ₹54,250 while that of 24K gold costs ₹59,170. In financial capital Mumbai, the price of 10 gms of 22K and 24K gold stood at ₹54,100 and ₹59,020.
Here are the gold prices for major Indian cities on June 24.
Gold prices in India depend on various factors including currency, international rates and government policies. If the rupee slides against the US dollar, the gold price will increase.
Silver
The price of silver decreased by 40 paise on Saturday. According to website Goodreturns, one gram of silver costs ₹71.10. In Delhi, Mumbai and Kolkata, ten grams of silver were priced at ₹711. In Chennai, 10 gms of silve cost ₹740.
In India, the price of silver is determined by factors like gold rates, industrial demand, bulk purchases, inflation etc. If the price of gold increases, the silver price will also increase.