Gold and silver prices on July 27: Check latest rates in your city today

Gold prices today: Gold is traded in coins, bars and jewellery. It is the most preferred mode of investment

Published on: Jul 27, 2023, 10:32:17 IST

By HT News Desk

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Gold prices increased by ₹30 per gram on Thursday. According to website Goodreturns, one gram of 22 carat gold was being sold at ₹5,545. On the other hand, one gram of 24 carat gold was priced at ₹6,049.

Here are the gold prices for major cities across the country on July 27, 2023.

CITY	22K GOLD PRICES (Rs/10 GMS)	24K GOLD PRICES (Rs/10 GMS)
DELHI	55,600	60,640
MUMBAI	55,450	60,490
KOLKATA	55,450	60,490
CHENNAI	55,520	60,570
BENGALURU	55,450	60,490

Gold prices depend on several factors including currency, global situation and government policies. If the rupee slides against dollar, the price of the precious metal will increase.

Earlier, you must have noticed the letter ‘k’ along with gold. ‘K' or carat is a term used to measure the purity of gold. A 24K gold is the purest form of the metal as it has 99.9 per cent purity. It is in liquid form and cannot be used to make jewellery. A 22K gold contains traces of other metals like copper and zinc. It is commonly used to make jewellery.

Gold is traded in coins, bars and jewellery. It is the most preferred mode of investment. It acts as a hedge against inflation. The Bureau of Indian Standards (BIS) is a national body entrusted with the harmonious development of the activities of standardization, marking and quality certification of goods. It has a hallmarking system for gold and silver in India.

Silver price

The price of silver increased by Re 1 for major cities across the country. According to website Goodreturns, one gram of silver costs ₹78.40. 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. The industrial firms use silver for production of various commodities like jewellery, coins, medals etc.

In Delhi, Mumbai and Kolkta, 10 grams of silver were being sold at ₹784, while the prices of 10 grams of the precious metal in Chennai and Bengaluru were
₹815 and ₹765 respectively.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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