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Gold And Silver Prices Today On May 15, 2024: Check Rates In Your City

Trades for gold futures contracts that would end on June 5, 2024, took place on the Multi Commodity Exchange (MCX) on May 15, 2024.

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Gold And Silver Prices Today On May 15

Gold And Silver Prices Today On May 15: On May 15, the price of gold stayed the same at about Rs 72,000 a gram. It was worth about Rs 66,740 for 10 grams of pure 22-carat gold and Rs 72,810 for 10 grams of pure 24-carat gold.

Silver, on the other hand, lost value and was now worth Rs 87,300 per kilogram.

Trades for gold futures contracts that would end on June 5, 2024, took place on the Multi Commodity Exchange (MCX) on May 15, 2024.

On the MCX, the price of 12 grams of silver that are due to expire on July 5, 2024, was Rs 85,650.

Gold And Silver Prices Today On May 15

CITY 22 CARAT GOLD PRICE 24-CARAT GOLD PRICE
Delhi 66,890 72,960
Mumbai 66,740 72,810
Ahmedabad 66,790 72,860
Chennai 66,890 72,970
Kolkata 66,740 72,810
Gurugram 66,890 72,960
Lucknow 66,890 72,960
Bengaluru 66,740 72,810
Jaipur 66,890 72,960
Patna 66,790 72,860
Bhubaneshwar 66,740 72,810
Hyderabad 66,740 72,810

Factors Affecting Gold Price

Global market trends

People’s desire to buy and sell gold determines the price of gold in India.

Local market demand and supply

Gold is more than just a valuable metal in India.

Gold prices can change because of changes in supply, changes in import taxes, and high demand at weddings and holidays.

As time goes on, supply and demand change. This will help you figure out how much gold costs in different places.

Government-made rules and laws

India’s gold rate can change because of fees, taxes, and limits on what can be brought in.

Exchange rate

Indian gold prices change when the value of the Indian Rupee (INR) changes against the US Dollar (USD).

Indian gold prices can change based on how much the rupee is worth.

In India, gold means a lot because it is an important part of society, it’s a good investment, and it’s linked to weddings.

Also Read: Gold And Silver Prices Today On May 14, 2024: Check Rates In Your City

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