Gold and silver prices on September 24: Check latest rates in your city today

Gold prices: In Delhi, 10 grams of 22K gold cost ₹55,100 while the price of 24K gold stood at ₹66,100.

Published on: Sep 24, 2023, 08:22:37 IST

By HT News Desk

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Gold prices increased by ₹10 on Sunday. According to the website Goodreturns, one gram of 22K gold was priced at ₹5,495 while a 24K gold costs ₹5,995.

‘K’ or carat is a term used to measure the purity of gold. A 24K gold is called pure gold as it has 99.9 per cent purity. It is in liquid form and does not contain traces of other metals. A 22K gold has traces of other metals like copper and zinc and is used to make jewellery.

Here are the gold prices for major cities on September 24.

CITY	22K GOLD PRICE (Rs/10 GMS)	24K GOLD PRICE (Rs/10 GMS)
DELHI	55,100	60,100
MUMBAI	54,950	59,950
KOLKATA	54,950	59,950
CHENNAI	55,210	60,230
BENGALURU	54,950	59,950

Gold prices are dependent on numerous factors including, currency, interest rates, global demand and government policies. When the rupee slides against US dollar in India, the gold price increases.

The price of gold is 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.

If the demand for gold is not robust, the rates will fall. Another important factor affecting gold price is the interest rate. For example, gold prices fall when the interest rates in countries like the United States go up. The opposite happens when the interest rates drop.

Silver prices

The price of silver increased by 30 paise on Sunday. According to the website Goodreturns, one gram of silver is worth ₹75.80. In Delhi, Mumbai and Kolkata, the price of 10 grams of silver is worth ₹758. The cost of silver in Chennai and Bengaluru were ₹793 and ₹742.50.

Silver is considered cheaper than gold. In India, the price of silver is determined by various factors including gold rates. If the gold prices go up, the rates of silver will also increase. Besides this, it is also easier to influence silver prices through large purchases.

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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