Gold And Silver Prices Rise: 24-Karat Gold Now At Rs...

New Delhi: The prices of gold and silver increased during early trading on Saturday, as per the GoodReturns website. The price of 24-karat gold went up by Rs 10, with ten grams now valued at Rs 78,990. Similarly, silver saw an increase of Rs 100, with one kilogram trading at Rs 99,100.

Gold Price Across Major CitiesThe price of 22-karat gold also increased by Rs 10, now costing Rs 72,410 per 10 grams. In key cities like Mumbai, Kolkata, Bangalore, Chennai, and Hyderabad, the rate of ten grams of 24-karat gold is uniform at Rs 78,990, and the 22-karat gold price is Rs 72,410. Gold Price In New DelhiIn Delhi, however, 24-karat gold is priced slightly higher at Rs 79,140 per 10 grams, while 22-karat gold is selling for Rs 72,560. Silver Price in Different CitiesThe price of one kilogram of silver is consistent across major cities such as Delhi, Mumbai, Kolkata, and Ahmedabad at Rs 99,100. In Chennai, however, silver is trading at a higher price of Rs 1,05,100 per kilogram. MCX Gold Hits Record HighGold prices on the Multi Commodity Exchange (MCX) hit an all-time high of Rs 77,839 per 10 grams during Friday’s trading. Internationally, spot gold reached a peak of $2,722 per troy ounce.

Spot Gold PriceSpot gold was up 1 per cent to $2,720.05 per ounce at 2:58 p.m. ET (1858 GMT) and has risen 2.4 per cent this week. Spot silver jumped 6 per cent to $33.58 per ounce. Other precious metals, such as platinum and palladium, also gained. Platinum increased by 2.4 per cent to $1,016.25, and palladium rose 4 per cent to $1,083.25. Why Gold Price Is Rising?Commodity market analysts attribute the current surge in gold prices to geopolitical instability, the possibility of further interest rate cuts, and uncertainty surrounding the upcoming U.S. Presidential election. Analysts suggest that this uncertainty will likely continue until the election results are announced.