Gold and silver prices on September 28: Check latest rates in your city today

Gold prices: In Delhi, the prices of 22K and 24K gold stood at ₹54,650 and ₹59,600 per 10 grams respectively.

Published on: Sep 28, 2023, 08:38:32 IST

By HT News Desk

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Gold prices decreased by ₹25 on Thursday. According to the website Goodreturns, one gram of 22K gold was priced at ₹5,450 while the price of 24K gold stood at ₹5,945 per gram.

‘K' or carat is a term used to define the purity of gold. A 24K gold is called pure gold as it has a purity of 99.9 per cent. It is in liquid form and does not contain traces of other metals. On the other hand, a 22K gold contains traces of other metals like copper and zinc.

Here are gold prices for major Indian cities on September 28, 2023.

‘K' or carat is a term used to define the purity of gold. A 24K gold is called pure gold as it has a purity of 99.9 per cent

CITY	22k GOLD PRICE (Rs/10 GMS)	24K GOLD PRICE (Rs/10 GMS)
DELHI	54,650	59,600
MUMBAI	54,500	59,450
KOLKATA	54,500	59,450
CHENNAI	54,800	59,780
BENGALURU	54,500	59,450

Gold is usually traded in form of coins, bars or jewellery. It is a preferred mode of investment and acts as a perfect hedge against inflation. Gold prices in India are decided on several factors including currency, global demand, interest rates and government policies. If the rupee depreciates against the US dollar in India, gold will become expensive.

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 prices will fall. Another key factor affecting gold price is the interest rate. For example, gold prices fall when the interest rates in countries like US surge.

Silver prices

Silver is considered cheaper than gold. For example, if one gramme of silver ₹61.40 today, you can buy 1 kg of the precious metal for ₹61,400. But you will get a little over 10 gms of gold at this price depending on exchange rate.

According to the website Goodreturns, silver prices remained unchanged at ₹74.20 per gram. In Delhi, Mumbai and Kolkata, the price of 10 grams of silver stood at ₹742. In Chennai and Bengaluru, silver prices stood at ₹770 and ₹730 per 10 grams respectively.

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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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