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 :
-
Vasavi Club of Buddhapurnima organized #GoVote, a vote awareness drive
![Vasavi Club of Buddhapurnima organized #GoVote, a vote awareness drive]()
Hyderabad: Vasavi Club of Buddhapurnima, a primary unit of Vasavi Clubs International, on Sunday organized a unique program called #GoVote, a voter awareness program to encourage more people to go out and vote on 13th May, the day of Polling during the 4th phase.
-
Zia Uddin Took Charge As The State Public Health ENC
![Zia Uddin Took Charge As The State Public Health ENC]()
Hyderabad, May 05: Mohammad Zia Uddin has recently taken charge as Public Health Engineer in Chief of State Municipal Department. In the wake of the retirement of Sridhar, who was previously working as an ENC, Zia Uddin, who was working as an ENC in GHMC, became vacant as State Public Health Engineer-in-Chief, and the state government…
-
Hyderabad: 5K Run In All The Constituencies Of The District
![Hyderabad: 5K Run In All The Constituencies Of The District]()
Hyderabad, May 05: To make every voter participate in voting and vote on May 13, Hyderabad District Election Officer Ronald Rose is conducting extensive day-to-day sweep programs across the district to sensitize the voters.
-
Congress Candidate Sameer Pledges 5,000 Jobs And Subsidised Loans To 50,000 Youth In Hyderabad’s Old City
![Congress Candidate Sameer Pledges 5,000 Jobs And Subsidised Loans To 50,000 Youth In Hyderabad’s Old City]()
Hyderabad, May 5: Hyderabad DCC President and Congress candidate for the Hyderabad Lok Sabha constituency, Mohammed Waliullah Sameer, promised to eradicate unemployment in the Old City of Hyderabad. He assured 5,000 jobs and subsidised loans to 50,000 jobless youth in Hyderabad’s Old City.
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
