Today’s Gold and Silver Rates (December 28, 2024): Check the Latest Prices in India

Gold and Silver Prices for December 28, 2024:

Gold prices saw a modest rise today. The cost of 24-carat gold in India is now ₹7818.3 per gram, an increase of ₹270.0, while 22-carat gold is priced at ₹7168.3 per gram, up by ₹250.0. The 24-carat gold price has experienced a -0.01% change over the past week and a -0.15% drop over the last month.

Currently, silver is priced at ₹95500.0 per kg, showing a decrease of ₹200.0 from previous rates.

Gold and Silver Prices in South Indian Cities:

Top 5 Cities for Gold Rates:

•Chennai: ₹78031.0/10 grams, up from ₹77481.0 on December 27, 2024.

•Bangalore: ₹78025.0/10 grams, up from ₹77475.0 on December 27, 2024.

•Hyderabad: ₹78039.0/10 grams, up from ₹77489.0 on December 27, 2024.

•Visakhapatnam: ₹78047.0/10 grams, up from ₹77497.0 on December 27, 2024.

•Vijayawada: ₹78045.0/10 grams, up from ₹77495.0 on December 27, 2024.

Top 5 Cities for Silver Prices:

•Chennai: ₹102600.0/kg, up from ₹101800.0 on December 27, 2024.

•Bangalore: ₹94500.0/kg, up from ₹93700.0 on December 27, 2024.

•Hyderabad: ₹103200.0/kg, up from ₹102400.0 on December 27, 2024.

•Visakhapatnam: ₹101600.0/kg, up from ₹100800.0 on December 27, 2024.

•Vijayawada: ₹104000.0/kg, up from ₹103200.0 on December 27, 2024.

Factors Affecting Gold and Silver Prices:

The prices of gold and silver fluctuate due to several factors, both global and domestic. Key influences include:

•Global Demand: The worldwide demand for these metals significantly affects their price changes.

•Currency Fluctuations: The value of currencies, especially the US dollar, in relation to other currencies can impact gold and silver’s appeal as investment assets.

•Interest Rates: Higher interest rates can reduce the attractiveness of gold and silver, as they do not provide interest income.

•Government Regulations: Policies and regulations on the trade of gold and silver can influence their prices.

•World Events: Economic conditions, geopolitical events, and global uncertainties can drive demand for precious metals.

•Jewellers’ Insights: Jewellers, experts in the industry, often provide valuable perspectives on market trends and potential price movements.