Gold and silver prices on June 18: Check latest rates in your city

In India, gold rates are determined on numerous factors including global demand, currency, interest rates and government policies

Published on: Jun 18, 2023, 10:52:23 IST

By HT News Desk

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The price of gold remained unchanged on Sunday. According to website Goodreturns, one gram of 22 carat gold cost ₹5,510. On the other hand, 24 carat gold cost ₹6.011 per gramme.

In Delhi, ten grams of 22 carat gold costs ₹55,450 while you need to pay ₹60,490 for ten grams of 24 carat gold. In India's financial capital Mumbai, 22 carat gold is being sold at ₹55,100 per ten grams while the price of 24 carat gold is ₹60,110 per ten grams.

Here are the gold rates for prominent cities on June 18, 2023.

In India, gold rates are determined on numerous factors including global demand, currency, interest rates and government policies (Representative image/istcok)

CITY	22K GOLD (Rs/10 GM)	24K GOLD (Rs/10 GM)
KOLKATA	55,100	60,110
CHENNAI	55,450	60,490
BENGALURU	55,150	60,160
AHMEDABAD	55,150	60,160
JAIPUR	55,260	60,260

How are gold prices determined?

In India, gold rates are detemined on numerous factors including global demand, currency, interest rates and government policies. In case, the rupee depreciates against the US dollar, gold will become expensive.

The gold prices are also dependent on international factors like global economic growth, dollar strength against other currencies etc. Another important factor is the demand for the precious metal.

Silver rates

The price of silver remained unchanged on Sunday. According to website Goodreturns, one gram of silver cost ₹73.50. 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.

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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