Gold and Silver Prices May Go Up or Down on June 30, 2024

Gold prices in India rose slightly on June 30, 2024, with 24 carat gold reaching Rs. 7,399 per gram. Silver saw a minor decrease to Rs. 88,090 per kg. Prices varied across major cities, influenced by global economic factors and market dynamics.

As of Sunday, June 30, 2024, there has been a slight up-trend in gold prices and a very slight down-trend in silver prices in India.

Gold Prices Rise

The price of 24 carat gold has risen to Rs. 7,399 per gram, it has risen by Rs. 934. Likewise, 22 carat gold has been priced at Rs. 6,777. 5 per gram, this has increased by Rs. 855 per gram. The past week has seen 24 carat gold increase by 1. 3% in relation to the weekly gain which is 1%. 35%.

Today the gold price in Delhi for 10 grams of 24 carat gold is Rs 73990 while yesterday it was Rs 73533.

- Chennai: Rs. 73,703 per 10 grams

- Mumbai: Rs. 73,272 per 10 grams

- Kolkata: Rs. 73,487 for 10 grams of gold.

Silver Prices Slightly Down

On the other hand, prices of silver have slightly declined as compared to gold. Currently, the cost of silver is Rs. 88,090 per kg which has declined by Rs. 90. The price of silver in Delhi stayed unchanged at Rs. 88,090 per kg while in Chennai it rose marginally to Rs. 88,180 per kg. Mumbai and Kolkata were kept at the same price as Delhi.

Market Futures

Gold October 2024 MCX futures were trading at Rs. 71,893 per 10 grams, down by 0. 008% at the time of reporting. Silver July 2024 MCX futures were at Rs. 87,151 per kg, down by 0. 018%.

Factors Influencing Prices

They also point out that gold and silver are among the precious metals whose prices are affected by factors such as demand, the exchange rates, interest rates, and government policies. The present global economic environment and the value of the dollar against other currencies are also influential factors in deciding the precious metal prices in the Indian market.

Also Read: Gold Demand Remains Sluggish in India, China

These changes should be closely monitored by investors and consumers and seek advice from financial professionals before making any large purchases or investments in gold and silver.