Gold Rates Today: Latest 18K, 22K, 24K Prices Across Delhi, Mumbai And Kolkata

New Delhi: The continuing US-Iran conflict has fueled uncertainty in global financial markets and kept gold prices volatile. Despite ongoing geopolitical tensions, stronger US Treasury yields and a stronger dollar curbed demand for the safe-haven metal, leading to a 1.16 per cent decline in gold prices over the past week.

How does the price of gold look on the MCX?

Gold futures August contracts, which were being traded on MCX, appreciated 0.06 per cent on Friday, whereas silver September futures fell by 1.13 per cent. Current gold futures being traded in the market are available at Rs 1,41,599, whereas silver futures are available at Rs 2,17,488 per kg. 10 grams of 24 carat gold is available for Rs 1,42,860 on Friday against Rs 1,44,532 that was prevailing on Monday morning, according to data provided by India Bullion and Jewellers Association (IBJA). 

How much is gold worth?

The prices of gold in various big cities of the country on Thursday morning are as follows:

Delhi

24 carat: Rs 14,591 per gram
22 carat: Rs 13,376 per gram
18 carat: Rs 10,947 per gram

Mumbai

24 carat: Rs 14,576 per gram
22 carat: Rs 13,361 per gram
18 carat: Rs 10,932 per gram

Chennai

24 carat: Rs 14,576 per gram
22 carat: Rs 13,361 per gram
18 carat: Rs 11,176 per gram

Kolkata

24 carat: Rs 14,576 per gram
22 carat: Rs 13,361 per gram
18 carat: Rs 10,932 per gram

What is the rate of silver?

At present, the cost of silver in India is Rs 240.10 per gram and Rs 2,40,100 per kilogram. The use of silver is very common among investors and jewelry buyers even though its cost is lower than that of gold, and people consider it a better investment than gold. In addition, there is no doubt about the fact that silver jewelry is a better choice than gold jewelry. Silver's price is also dependent on the global market since the demand for silver in industrial applications and manufacturing also has a significant impact on price changes.