BUSINESS
Gold and Silver Price Today: Volatility continues in gold and silver, what is the price of gold and silver today, check the latest rate here
Gold and silver prices in India rose on February 18 due to increased demand in the spot market. Gold prices rose 1.17% to ₹1,53,195 per 10 grams in early trade on MCX on Wednesday, while silver jumped 2.54% to ₹2,34,589 per kg.
In Mumbai, the price of 24-carat gold fell to ₹1,54,200 per 10 grams in the spot market, while 22k gold was available at ₹1,41,350 per 10 grams. These rates do not include GST and making charges.
Last month, gold touched an all-time high of over ₹1,80,000, while silver prices reached a record ₹4,20,000.
What are the 22kt, 24kt gold rates in major cities of India on February 18?
|
Delhi |
Rs 1,41,500 |
Rs 1,54,350 |
|
Jaipur |
Rs 1,41,500 |
Rs 1,54,350 |
|
Ahmedabad |
Rs 1,41,400 |
Rs 1,54,250 |
|
Pune |
Rs 1,41,350 |
Rs 1,54,200 |
|
Mumbai |
Rs 1,41,350 |
Rs 1,54,200 |
|
Hyderabad |
Rs 1,41,350 |
Rs 1,54,200 |
|
Chennai |
Rs 1,41,350 |
Rs 1,54,200 |
|
Bangalore |
Rs 1,41,350 |
Rs 1,54,200 |
|
Kolkata |
Rs 1,41,350 |
Rs 1,54,200 |
What factors affect gold prices in India?
International market rates, import duties, taxes, and exchange rate fluctuations primarily affect gold prices in India. Together, these factors determine daily gold rates across the country.
In India, gold has a strong cultural and financial significance. It is a preferred investment option and a key element of celebrations, especially weddings and festivals.
With constantly changing market conditions, investors and traders closely monitor fluctuations. It's crucial to stay updated to better understand changing trends.
PC: Upstox
