Gold and Silver Prices Today, October 27, 2024: Precious metals witnessed a mixed trend in India on Saturday, with gold prices edging higher while silver rates declined. The yellow metal’s prices varied across major cities, influenced by local market dynamics and taxes.
In New Delhi, gold prices rose by ₹100 to ₹57,400 per 10 grams for 24-karat gold, while 22-karat gold climbed to ₹52,600. In Mumbai, 24-karat gold traded at ₹57,350, up ₹50, and 22-karat gold at ₹52,550.
Chennai saw a similar uptrend, with 24-karat gold priced at ₹57,300 and 22-karat gold at ₹52,500. However, in Kolkata, gold prices remained steady, with 24-karat gold trading at ₹57,200 and 22-karat gold at ₹52,400.
Silver prices, on the other hand, declined across cities. In New Delhi, silver dropped ₹500 to ₹67,400 per kilogram. Mumbai saw a similar decline, with silver trading at ₹67,300. Chennai and Kolkata recorded silver prices of ₹67,200 and ₹67,000, respectively.
Globally, gold prices were steady as investors awaited key economic data releases. The dollar’s movement also impacted gold prices, with a stronger dollar making gold more expensive for holders of other currencies.
Industry experts predict that gold prices may fluctuate in the short term due to market volatility but expect an overall upward trend in the long term.
For those looking to invest in gold, experts recommend considering factors like market trends, economic indicators, and government policies.
