The good news for gold buyers is that the price of gold has fallen on Monday. The price of 24-carat gold saw a decline. Apart from this, 22-carat gold, popular among jewelers, which is known for its strength, was priced at Rs 79,440 per 10 grams.
According to Good Returns, the price of 24-carat gold fell on Monday and 10 grams of gold was sold at Rs 86,660. According to Good Returns, silver prices have also declined and now stand at Rs 99,400 per kg.
Gold Price: Major Cities
| City |
Gold Price (22-Carat/10 gm) | Gold Price (24-Carat/10 gm) | Silver Price (Rs/kg) |
| Delhi | Rs 79,590 | Rs 86,810 | Rs 99,400 |
| Noida | Rs 79,590 | Rs 86,810 | Rs 99,400 |
| Lucknow | Rs 79,590 | Rs 86,810 | Rs 99,400 |
| Mumbai | Rs 79,440 | Rs 86,660 | Rs 99,400 |
| Bengaluru | Rs 79,440 | Rs 86,660 | Rs 99,400 |
| Chennai | Rs 79,440 | Rs 86,660 | Rs 1,06,900 |
| Pune | Rs 79,440 | Rs 86,660 | Rs 99,400 |
| Ahmedabad | Rs 79,490 | Rs 86,710 | Rs 99,400 |
| Kolkata | Rs 79,440 | Rs 86,660 | Rs 99,400 |
| Hyderabad | Rs 79,440 | Rs 86,660 | Rs 1,06,900 |
How are gold prices determined in India?
Contrary to popular belief, gold prices in India are not driven by the demand and supply of physical gold alone. Instead, they are heavily influenced by trading activities in major global markets, including the London OTC spot market and the Comex gold futures market.
Additionally, other factors such as global events, political issues, central bank decisions, and currency changes can also trigger changes in precious metal prices.
