Gold and silver prices on June 23: Check latest rates in your city today

In India, gold prices are determined on factors like currency, global conditions, interest rates and government policies.

Published on: Jun 23, 2023, 10:03:55 IST

By HT News Desk

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Gold prices in major Indian cities remained unchanged on Friday. According to Goodreturns, the website which tracks gold and silver prices, one gram of 22k gold costs ₹5,450. On the other hand, one gram of 24K gold costs ₹5,945.

In case you are confused, 'K' or Karats is a term used to measure the purity of gold. To make it simple, 24K gold is also called pure gold and has 99.9 per cent purity. It does not contain traces of other metals. On the other hand, 22K gold comprises 22 parts of gold mixed with two parts of other metals like copper and zinc. It is suited for making jewellery.

Here are the gold prices for major Indian cities on June 23.

24K gold is also called pure gold and has 99.9 per cent purity

CITY	22K GOLD PRICE (Rs/10 GM)	24K GOLD PRICE (Rs/10 GM)
DELHI	54,650	59,600
MUMBAI	54,500	59,450
KOLKATA	54,500	59,450
CHENNAI	54,850	59,830
BENGALURU	54,500	59,450

In India, gold prices are determined on factors like currency, global conditions, interest rates and government policies. Another important factor is the demand for the precious metal. If the demand for gold is not robust, the prices will fall.

Silver price
The price of silver almost remained unchanged in major cities on Friday. According to website Goodreturns, one gram of silver costs ₹71.50. In India, silver prices are dependent on gold rates, industrial demand, bulk purchases, inflation etc.

Here are the silver prices for prominent Indian cities on June 23.

CITY	SILVER PRICE (Rs/10 GM)
DELHI	715
MUMBAI	715
KOLKATA	715
CHENNAI	740
BENGALURU	707.50

Silver can be purchased from banks, jewellers and online agents in India. The banks charge higher rates due to purity checks and assurance provided by them.

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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