Gold Price Today: There has not been much change in the prices of gold as compared to the previous day. Like last day, the price of 24 carat gold is Rs 5,995 per gram. The price of 22 carat gold is also Rs 5495 per gram.
There has also been no change in the prices of silver. Even on Tuesday its rate is Rs 75,800 per kg.
Gold (24k) and Silver prices in your city
- In Chennai, the price of gold is Rs 60220.0/10 grams and the price of silver is Rs 79000/1 kg.
- The price of gold in Delhi is Rs 60100.0/10 grams and the price of silver is Rs 75800/1 kg.
- In Mumbai, the price of gold is Rs 59950.0/10 grams and the price of silver is Rs 75800/1 kg.
- In Kolkata, the price of gold is Rs 59950.0/10 grams and the price of silver is Rs 75800/1 kg.
What does k mean?
The word ‘K’ or Carat is used to measure the purity of gold. 24K gold is called pure gold because it has 99.9 percent purity. It does not contain traces of other metals. 22K gold contains traces of other metals like copper and zinc and is used to make jewellery.
Gold prices depend on many factors including currency, interest rates, global demand and government policies. When the rupee falls against the US dollar in India, the price of gold increases.
The price of gold also depends on international factors like global economic growth, strength of the dollar against other currencies etc. Another important factor is the demand for precious metals.
