look news india
Today, 31 December 2024, the last day of the year, a rise in the price of gold has been seen. The price of gold increased by ₹ 150 on Tuesday compared to Monday. 24 carat gold across the country ₹78,000 per 10 grams While the price of 22 carat gold is trading around Rs. ₹71,550 per 10 grams But it is. Let us know the prices of gold and silver in your city.
fall in silver price
A decline in the price of silver was recorded on the last day of the year.
- On 31 December 2024: The price of silver is at ₹92,500 per kg.
- Yesterday’s price: ₹92,600 per kg.
- Decline: ₹100 per kg.
Will gold prices increase in the new year?
Experts believe that the price of gold is likely to rise in 2025.
- Reason:
- Weakness of rupee.
- Russia-Ukraine War and West Asian Tensions.
- Increasing interest towards safe investments.
- Jewelers shopping.
- Other effects:
- Dollar strength.
- Policy changes of central banks.
- Global market fluctuations.
Investors are advised to remain cautious, as global factors may impact prices.
31 December 2024: Today’s gold rate (₹/10 grams)
| city name | 22 carat gold rate | 24 carat gold rate |
|---|---|---|
| Delhi | ₹71,650 | ₹78,150 |
| Noida | ₹71,650 | ₹78,150 |
| Ghaziabad | ₹71,650 | ₹78,150 |
| Jaipur | ₹71,650 | ₹78,150 |
| Gurgaon | ₹71,650 | ₹78,150 |
| Lucknow | ₹71,650 | ₹78,150 |
| Mumbai | ₹71,500 | ₹78,000 |
| Kolkata | ₹71,500 | ₹78,000 |
| Patna | ₹71,550 | ₹78,050 |
| Ahmedabad | ₹71,550 | ₹78,050 |
| Bhubaneswar | ₹71,500 | ₹78,000 |
| Bengaluru | ₹71,500 | ₹78,000 |
How is the price of gold determined?
The price of gold depends on many global and local factors:
- Local Demand: The higher the demand for gold, the more the price increases.
- International market: Global gold prices have a direct impact on the Indian market.
- US economic situation: The US dollar and the Federal Reserve’s interest rates also influence prices.
- Inflation: When inflation increases, interest in investing in gold increases, which increases prices.
