The price of gold remained unchanged on Friday. According to the Goodreturns website, which tracks daily gold prices, the cost of ten grams of 22-karat gold was ₹47,850. On the other hand, eight grams of 22 karat gold is priced at ₹38,280.
In contrast, ten grams of 24-karat gold cost ₹52,200 while eight grams of 24-karat gold cost ₹41,760.
The price of gold in India depends on various factors including the currency and the global demand for the metal. In case the rupee slips against the US dollar, the price of gold per gram becomes expensive. International factors include volatile policies, slowing global economic growth, the strength of the dollar against other currencies and more, Goodreturns said.
On the other hand, the price of silver showed a slight increase on Friday compared to yesterday. A gram of silver costs ₹61.60 today, while 10 g of silver cost ₹616.
Here are the gold and silver prices in major Indian cities on Friday, October 7, 2022.
|TOWN||22K GOLD PRICE (Rs/10 GM)||SILVER (Rs/10GM)|
In India, silver prices are affected by a number of factors. These include international metal prices. In our country, silver prices are inspired by international markets. In September, the price of 1 kg of silver increased by 10.47% in September. On September 10, silver reached its highest price of ₹60,400.