Gold Rate and Silver Price Today on December 31, 2024: Latest Updates for India

Gold prices saw a slight rise on Tuesday, December 31, 2024. The price of 24-carat gold in India is ₹7818.3 per gram, marking an increase of ₹180.0. For 22-carat gold, the rate is ₹7168.3 per gram, up by ₹170.0.

Over the last week, the 24-carat gold rate dropped by 0.64%, but for the past month, it increased by 0.19%.

The silver price in India today is ₹95400.0 per kilogram, showing no change from the previous rate.

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Gold and Silver Prices in South Indian Cities

Gold Prices in Top 5 South Indian Cities

Chennai

• Today’s Gold Rate: ₹78031.0 per 10 grams
• Yesterday’s Rate (30-12-2024): ₹77861.0 per 10 grams
• Last Week’s Rate (25-12-2024): ₹77361.0 per 10 grams

Bangalore

• Today’s Gold Rate: ₹78025.0 per 10 grams
• Yesterday’s Rate (30-12-2024): ₹77855.0 per 10 grams
• Last Week’s Rate (25-12-2024): ₹77355.0 per 10 grams

Hyderabad

• Today’s Gold Rate: ₹78039.0 per 10 grams
• Yesterday’s Rate (30-12-2024): ₹77869.0 per 10 grams
• Last Week’s Rate (25-12-2024): ₹77369.0 per 10 grams

Visakhapatnam

• Today’s Gold Rate: ₹78047.0 per 10 grams
• Yesterday’s Rate (30-12-2024): ₹77877.0 per 10 grams
• Last Week’s Rate (25-12-2024): ₹77377.0 per 10 grams

Vijayawada

• Today’s Gold Rate: ₹78045.0 per 10 grams
• Yesterday’s Rate (30-12-2024): ₹77875.0 per 10 grams
• Last Week’s Rate (25-12-2024): ₹77375.0 per 10 grams

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

Silver Prices in Top 5 South Indian Cities

Chennai

• Today’s Silver Price: ₹102500.0 per kilogram
• Yesterday’s Rate (30-12-2024): ₹102600.0 per kilogram
• Last Week’s Rate (25-12-2024): ₹101500.0 per kilogram

Bangalore

• Today’s Silver Price: ₹94400.0 per kilogram
• Yesterday’s Rate (30-12-2024): ₹94500.0 per kilogram
• Last Week’s Rate (25-12-2024): ₹93400.0 per kilogram

Hyderabad

• Today’s Silver Price: ₹103100.0 per kilogram
• Yesterday’s Rate (30-12-2024): ₹103200.0 per kilogram
• Last Week’s Rate (25-12-2024): ₹102100.0 per kilogram

Visakhapatnam

• Today’s Silver Price: ₹101500.0 per kilogram
• Yesterday’s Rate (30-12-2024): ₹101600.0 per kilogram
• Last Week’s Rate (25-12-2024): ₹100500.0 per kilogram

Vijayawada

• Today’s Silver Price: ₹103900.0 per kilogram
• Yesterday’s Rate (30-12-2024): ₹104000.0 per kilogram
• Last Week’s Rate (25-12-2024): ₹102900.0 per kilogram

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Factors Influencing Gold and Silver Prices

Gold and silver prices often change due to various factors:

1. Global Demand: Worldwide demand for gold and silver greatly impacts their prices.
2. Currency Changes: Fluctuations in currency values, especially the US dollar, can make gold and silver more or less appealing as investments.
3. Interest Rates: Higher interest rates can decrease the attractiveness of gold and silver since they don’t offer any interest income.
4. Government Policies: Regulations and policies on precious metals trading also affect their prices.
5. Global Events: Economic conditions, geopolitical issues, and other global events can influence demand and pricing.
6. Market Insights: Jewelers and experts in the industry provide useful insights into price trends and future movements.

Stay updated on gold and silver rates to make informed decisions when investing or buying jewelry.