Gold and Silver Prices Today, December 11, 2024: Latest Updates in India

Gold prices in India saw a slight rise today, December 11, 2024. The price of 24-carat gold stands at ₹7,878.3 per gram, up by ₹820. Meanwhile, 22-carat gold is priced at ₹7,223.3 per gram, reflecting an increase of ₹750.

Over the past week, 24-carat gold prices have risen by 0.21%, but over the last month, they have dropped by 0.41%.

Silver prices in India

Silver is currently priced at ₹99,700 per kilogram, marking an increase of ₹4,700 compared to the previous rate.

Gold Prices in Key South Indian Cities

• Chennai: ₹78,631 per 10 grams.
  • Yesterday: ₹77,631
  • Last Week: ₹77,791
• Bangalore: ₹78,625 per 10 grams.
  • Yesterday: ₹77,625
  • Last Week: ₹77,785
• Hyderabad: ₹78,639 per 10 grams.
  • Yesterday: ₹77,639
  • Last Week: ₹77,799
• Visakhapatnam: ₹78,647 per 10 grams.
  • Yesterday: ₹77,647
  • Last Week: ₹77,807
• Vijayawada: ₹78,645 per 10 grams.
  • Yesterday: ₹77,645
  • Last Week: ₹77,805

Also Read: Gold Prices Surge 1% Ahead of US Inflation Data

Silver Prices in Key South Indian Cities

• Chennai: ₹1,06,800 per kilogram.
  • Yesterday: ₹1,02,600
  • Last Week: ₹1,02,100
• Bangalore: ₹98,700 per kilogram.
  • Yesterday: ₹94,000
  • Last Week: ₹93,000
• Hyderabad: ₹1,07,400 per kilogram.
  • Yesterday: ₹1,03,200
  • Last Week: ₹1,02,700
• Visakhapatnam: ₹1,05,800 per kilogram.
  • Yesterday: ₹1,01,600
  • Last Week: ₹1,01,100
• Vijayawada: ₹1,08,200 per kilogram.
  • Yesterday: ₹1,04,000
  • Last Week: ₹1,03,500

What Affects Gold and Silver Prices?

Prices of gold and silver fluctuate due to several reasons:

1. Global Demand: High demand for these metals impacts their prices.
2. Currency Changes: Variations in currency values, especially the US dollar, influence their appeal as investments.
3. Interest Rates: Higher interest rates can lower the demand for gold and silver, as they don’t provide interest earnings.
4. Government Policies: Regulations around the trade of precious metals also play a role.
5. Global Events: Economic and political events can affect demand and prices.

Jewelers and market experts often analyze these factors to predict trends and guide investments in gold and silver.