Gold and Silver Rates in India: December 15, 2024

Gold prices witnessed a slight dip today, reflecting a continuing downward trend. The price of 24K gold stands at ₹7806.3 per gram, marking a ₹970 decrease, while 22K gold is priced at ₹7157.3 per gram, showing a ₹890 drop. Over the past week, 24K gold prices have fallen by 2.32%, with a sharper monthly decline of 4.63%.

Silver prices followed a similar pattern, with a reduction of ₹900 per kg, bringing the current rate to ₹95600.0 per kg.

Gold Rates Across South Indian Cities

1. Chennai:
   • Today’s Gold Rate: ₹77911/10 grams
   • Yesterday’s Gold Rate: ₹79481/10 grams
   • Last Week’s Gold Rate: ₹77631/10 grams
2. Bangalore:
   • Today’s Gold Rate: ₹77905/10 grams
   • Yesterday’s Gold Rate: ₹79475/10 grams
   • Last Week’s Gold Rate: ₹77625/10 grams
3. Hyderabad:
   • Today’s Gold Rate: ₹77919/10 grams
   • Yesterday’s Gold Rate: ₹79489/10 grams
   • Last Week’s Gold Rate: ₹77639/10 grams
4. Visakhapatnam:
   • Today’s Gold Rate: ₹77927/10 grams
   • Yesterday’s Gold Rate: ₹79497/10 grams
   • Last Week’s Gold Rate: ₹77647/10 grams
5. Vijayawada:
   • Today’s Gold Rate: ₹77925/10 grams
   • Yesterday’s Gold Rate: ₹79495/10 grams
   • Last Week’s Gold Rate: ₹77645/10 grams

Silver Prices in South Indian Cities

1. Chennai:
   • Today’s Silver Price: ₹102700/Kg
   • Yesterday’s Silver Price: ₹106800/Kg
   • Last Week’s Silver Price: ₹102600/Kg
2. Bangalore:
   • Today’s Silver Price: ₹94600/Kg
   • Yesterday’s Silver Price: ₹98700/Kg
   • Last Week’s Silver Price: ₹94000/Kg
3. Hyderabad:
   • Today’s Silver Price: ₹103300/Kg
   • Yesterday’s Silver Price: ₹107400/Kg
   • Last Week’s Silver Price: ₹103200/Kg
4. Visakhapatnam:
   • Today’s Silver Price: ₹101700/Kg
   • Yesterday’s Silver Price: ₹105800/Kg
   • Last Week’s Silver Price: ₹101600/Kg
5. Vijayawada:
   • Today’s Silver Price: ₹104100/Kg
   • Yesterday’s Silver Price: ₹108200/Kg
   • Last Week’s Silver Price: ₹104000/Kg

Key Factors Influencing Precious Metal Prices

1. Global Demand:
   Fluctuations in global demand directly impact the prices of gold and silver.
2. Currency Exchange Rates:
   The strength of the US dollar relative to other currencies significantly influences precious metal rates.
3. Interest Rates:
   Higher interest rates reduce the appeal of non-yielding investments like gold and silver.
4. Government Policies:
   Regulations and policies surrounding precious metals can alter market dynamics.
5. Geopolitical Events:
   Economic stability, geopolitical tensions, and global uncertainties drive price movements.
6. Jewelers’ Insights:
   Jewelers often provide expert predictions and market analysis, offering valuable guidance.

Stay updated on the latest trends and factors shaping gold and silver prices in India to make informed decisions on your investments.

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