Gold Rates Today On September 29: Check latest prices in your city here
Gold prices decreased by ₹60 on Friday. According to the website Goodreturns, the price of 22K and 24K gold stood at ₹5,390 per gram and ₹5,880 per gram respectively.
‘K’ or karats is a term used to measure the purity of gold. In simple words, 24K gold is also called pure gold and has 99.9 percent 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.
Gold is a preferred form of investment and is traded in the form of coins, bars and jewelry, acting as a perfect hedge against inflation. Here are the gold prices for major cities on September 29, 2023.
| CITY | 22K GOLD PRICES (Rs/10 GMS) | 24K GOLD PRICES (Rs/10 GMS) |
|---|---|---|
| DELHI | 54,050 | 58,950 |
| MUMBAI | 53,900 | 58,800 |
| KOLKATA | 53,900 | 58,800 |
| CHENNAI | 54,100 | 59,020 |
| BENGALURU | 53,900 | 58,800 |
In India, gold prices are dependent on several factors including the global situation, currency, and demand. If the rupee slides against the US dollar, the price of gold will go up.
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 precious metals. If the demand for gold is not robust, the prices will fall. Another important factor affecting gold prices is the interest rate. For example, gold prices fall when the interest rates in countries like the US surge. The opposite happens when the interest rates drop.
Silver prices
The price of silver decreased by 50 paise on Friday. According to the website Goodreturns, the price of one gram of silver stood at ₹73.70. In Delhi, Mumbai and Kolkata, 10 grams of silver cost ₹737. In Chennai and Bengaluru, the prices of 10 grams of silver stood at 765 and ₹730 respectively.
Next Story :
-
WATCH | Six Arrested For Vandalism At Allu Arjun’s House Granted Bail
![WATCH | Six Arrested For Vandalism At Allu Arjun’s House Granted Bail]()
Hyderabad, Dec 23 (Maxim News): The court has granted bail to six individuals accused of the attack on actor Allu Arjun’s residence. The incident, which took place earlier this week, involved protestors from the Osmania University Joint Action Committee (OU JAC) who allegedly hurled stones at the actor’s house, causing property damage. The judge, after receiving the case,…
-
Born In A Remote Area, PV Is A Great Leader Who Rose To The Level Of PM: Kishan
![Born In A Remote Area, PV Is A Great Leader Who Rose To The Level Of PM: Kishan]()
Hyderabad, Dec 23 (Maxim News): Union Minister for Coal and Mines, G.Kishan Reddy has praised Bharat Ratna and former Prime Minister PV Narasimha Rao for his outstanding services to the country.
-
ED Notices Likely To KTR Today
![ED Notices Likely To KTR Today]()
Hyderabad, Dec 23 (Maxim News): The Enforcement Directorate (ED) is expected to issue notices today to K.Tarak Rama Rao (KTR), Working President of the BRS in connection with a case related to the Formula-E car racing event.
-
CV Anand Apologizes For Remarks Against National Media
![CV Anand Apologizes For Remarks Against National Media]()
Hyderabad, Dec 23 (Maxim News): Hyderabad Police Commissioner C.V. Anand has apologized. He posted a statement withdrawing his comments to the national media. He said that he lost patience when the national media asked questions about the Sandhya Theater incident.
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter and Instagram. For all the latest Hyderabad News updates
