Gold Prices in India See Volatility Amid Ongoing War Against Iran
Gold and silver prices in India have been affected by various factors including international market trends, domestic demand, and fluctuations in exchange rates. The ongoing war against Iran has contributed to the volatility of gold prices.
The price of gold on the Multi Commodity Exchange (MCX) saw a 0.73% increase on Friday, with October futures trading at Rs 154,590. Silver futures for September delivery rose by 0.15%, ending at Rs 2,36,272 per kg.
According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold on Friday was Rs 1,49,621, while it opened at Rs 1,42,863 on Monday.
The current prices for gold in various cities across India are: New Delhi (Rs 15,528/24K, Rs 14,235/22K, and Rs 11,650/18K), Mumbai (Rs 15,513/24K, Rs 14,220/22K, and Rs 11,635/18K), Chennai (Rs 15,513/24K, Rs 14,039/22K, and Rs 12,000/18K), and Kolkata (Rs 15,513/24K, Rs 14,220/22K, and Rs 11,635/18K).
The price of silver in India is currently quoted at Rs 254,900 per kg, with Sterling Silver (Silver 925) priced at Rs 2,54,000 per kg.