Gold and Silver Prices Today: December 20, 2024

Gold Rate and Silver Price Update
On Friday, gold prices in India saw a slight decline. The current price of 24-carat gold is ₹7,729.3 per gram, marking a decrease of ₹710, while 22-carat gold is priced at ₹7,086.3 per gram, reflecting a drop of ₹650.

In the past week, the price of 24-carat gold has fluctuated by 1.09%, and over the last month, there has been a decrease of 0.49%.

Silver prices have also dropped, with the current rate at ₹94,500 per kg, showing a decrease of ₹1,000.

Gold Rates in Top South Indian Cities

1. Chennai
   • Today: ₹77,141 per 10 grams
   • Yesterday (Dec 19): ₹78,031 per 10 grams
   • Last Week (Dec 14): ₹78,881 per 10 grams
2. Bangalore
   • Today: ₹77,135 per 10 grams
   • Yesterday (Dec 19): ₹78,025 per 10 grams
   • Last Week (Dec 14): ₹78,875 per 10 grams
3. Hyderabad
   • Today: ₹77,149 per 10 grams
   • Yesterday (Dec 19): ₹78,039 per 10 grams
   • Last Week (Dec 14): ₹78,889 per 10 grams
4. Visakhapatnam
   • Today: ₹77,157 per 10 grams
   • Yesterday (Dec 19): ₹78,047 per 10 grams
   • Last Week (Dec 14): ₹78,897 per 10 grams
5. Vijayawada
   • Today: ₹77,155 per 10 grams
   • Yesterday (Dec 19): ₹78,045 per 10 grams
   • Last Week (Dec 14): ₹78,895 per 10 grams

Silver Prices in Top South Indian Cities

1. Chennai
   • Today: ₹1,01,600 per kg
   • Yesterday (Dec 19): ₹1,02,600 per kg
   • Last Week (Dec 14): ₹1,03,600 per kg
2. Bangalore
   • Today: ₹93,500 per kg
   • Yesterday (Dec 19): ₹94,500 per kg
   • Last Week (Dec 14): ₹95,500 per kg
3. Hyderabad
   • Today: ₹1,02,200 per kg
   • Yesterday (Dec 19): ₹1,03,200 per kg
   • Last Week (Dec 14): ₹1,04,200 per kg
4. Visakhapatnam
   • Today: ₹1,00,600 per kg
   • Yesterday (Dec 19): ₹1,01,600 per kg
   • Last Week (Dec 14): ₹1,02,600 per kg
5. Vijayawada
   • Today: ₹1,03,000 per kg
   • Yesterday (Dec 19): ₹1,04,000 per kg
   • Last Week (Dec 14): ₹1,05,000 per kg

Key Factors Affecting Gold and Silver Prices

1. Global Demand: The worldwide demand for gold and silver significantly impacts their prices.
2. Currency Exchange Rates: Changes in the value of currencies, especially the US dollar, affect the investment appeal of these metals.
3. Interest Rates: Higher interest rates often make gold and silver less attractive investments, as they don’t provide interest income.
4. Government Policies: Regulations and policies on the trade of gold and silver can directly influence their prices.
5. Global Events: Economic conditions, geopolitical events, and major global factors play a significant role in price fluctuations.
6. Market Trends: Insights from jewelers and industry experts help predict trends in gold and silver pricing.

Stay updated with the latest gold and silver rates to make informed investment decisions.

Also Check: Gold & Silver Price Today Live Chart in (USD)