Gold And Silver Prices Today On May 16: There was a slight drop in gold prices on Thursday. The cost of 24 carat gold is Rs.7424.7 per gram down by Rs.330.0. The cost of 22 carat gold is Rs.6801.1 per gram down by Rs.302.0.
In the last week, 24 carat gold’s price changed by -0.53%, whereas it changed by 2.77% in the last month.
Silver now costs Rs.84760.0 per kg, an increase of Rs.600.0.
Gold And Silver Prices Today On May 16:
| CITY | 22 CARAT GOLD PRICE | 24-CARAT GOLD PRICE |
| Delhi | 67,310 | 73,410 |
| Mumbai | 67,160 | 73,260 |
| Ahmedabad | 67,210 | 73,310 |
| Chennai | 67,260 | 73,370 |
| Kolkata | 67,160 | 73,260 |
| Gurugram | 67,310 | 73,410 |
| Lucknow | 67,310 | 73,410 |
| Bengaluru | 67,160 | 73,260 |
| Jaipur | 67,310 | 73,410 |
| Patna | 67,210 | 73,310 |
| Bhubaneshwar | 67,160 | 73,260 |
| Hyderabad | 67,160 | 73,260 |
At the time of publication, the gold August 2024 MCX futures were trading at Rs.73526.0 per 10 gm, up by 0.031%.
At the time of publication, silver December 2024 MCX futures were trading at Rs.90249.0 per kg, up by 0.49%.
The prices of gold and silver change for many reasons, such as what well-known jewelers say.
These changes are caused by things like the demand for gold around the world, changes in the value of different currencies, present interest rates, and government rules on gold trade.
Things that happen around the world, like the economy and the value of the US dollar against other currencies, also affect gold prices in the Indian market.
Gold is a very important part of Indian culture. It is a good investment and has long-standing ties to weddings and holidays.
Investors and traders keep a close eye on these factors as the market continues to change. Stay tuned for more news about how this story is developing.
Also Read: Gold And Silver Prices Today On May 15, 2024: Check Rates In Your City
