Gold prices in India are experiencing volatility due to rate cut expectations, geopolitical tensions, and movements in the dollar index. The short-term outlook remains uncertain, influenced by recent economic developments.
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As of Friday, November 29, 2024, the price of 24K gold stands at Rs 7,73,400 for 100 grams and Rs 77,340 for 10 grams. The price for 22K and 18K gold per 10 grams is Rs 70,920 and Rs 58,000, respectively, across major cities.
In cities like Delhi, 10 grams of 24K gold is priced at Rs 77,490, while in Ahmedabad and Vadodara, it is slightly higher at Rs 77,390. In Mumbai, Kolkata, Pune, and other cities, it is Rs 77,340.
Silver prices are at Rs 89.40 per gram and Rs 89,400 per kilogram. In Hyderabad, silver is priced at Rs 98,100 per kg, while in Chennai and Kerala, it stands at Rs 97,900 per kg.
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MCX gold and silver prices saw slight increases on November 28. MCX gold for December expiry closed at Rs 75,749 per 10 grams, while silver prices rose to Rs 88,060 per kilogram. Trading has been influenced by recent economic data and global market conditions.
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