Gold And Silver Prices Today On April 26: White metal futures edged higher as persistent inflationary forces pushed back the timing of US rate cuts on Friday. Yellow metal futures were subdued.
A 10-gram of pure gold (24-carat) was valued at approximately Rs 72,710 per 10 grams on Friday, while 22-carat gold was valued at about Rs 66,650.
The silver market also experienced a downward trajectory, reaching Rs 84,500 per kilogram.
Gold futures contracts expiring on June 5, 2024, were quoted on the MCX on April 26, 2024, at Rs 71,379 per 10 grams. Silver futures contracts expiring on May 3, 2024, were quoted at Rs 81,150.
Gold And Silver Prices Today On April 26
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Chennai | 67,550 | 73,690 |
| Kolkata | 66,650 | 72,710 |
| Gurugram | 66,800 | 72,860 |
| Lucknow | 66,800 | 72,860 |
| Bengaluru | 66,650 | 72,710 |
| Jaipur | 66,800 | 72,860 |
| Patna | 66,700 | 72,760 |
| Bhubaneshwar | 66,650 | 72,710 |
| Hyderabad | 66,650 | 72,710 |
As market fluctuations continued, investors and traders closely monitored these developments. Stay tuned for more updates.
According to New York’s gold prices, the latest gold price was $2,335.7 an ounce, up 0.13 percent from yesterday’s close. Silver prices were $27.6 an ounce, up 0.44 percent from yesterday’s close.
Due to its cultural significance, its value as an investment, and its traditional connection with weddings and festivals, gold carries great significance in India.
India’s gold rate is influenced by five factors
Trends in the global market
Gold is traded worldwide, so its international supply and demand dynamics have a big impact on the gold rate in India.
Demand and supply in the local market
Gold is more than just a precious metal in India.
During festivals and weddings, gold jewelry is in high demand, which can affect gold prices locally. Supply disruptions and changes in import duties can also affect gold prices.
You can figure out the gold rate in different cities by understanding local demand and supply dynamics.
Policies and regulations of the government
Taxes, duties, and restrictions on gold imports can affect the gold rate in India.
Gold is a hedge against inflation, so inflation policies can also affect gold rates. Keep an eye on government announcements if you’re interested in gold rates in Kerala.
The exchange rate
Indian Rupee (INR) – US Dollar (USD) exchange rates can affect gold prices in India.
Gold prices in India can go up when the rupee is strong, and down when it’s weak. Currency movements are important for monitoring the gold rate.
Also Read: Gold And Silver Prices Today On April 25: Check Rates In Your City
