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NRIPage | Articles | Gold and Silver Prices Today: Gold at Rs 76,520, Silver at Rs 92,230 | Get Business News. Grow and Thrive in the Modern Market around the world - NRI Page
As of 7:10 a.m. today, gold is priced at Rs 76,520 per 10 grams, according to the India Bullion Association. The commodity's price recently crossed the Rs 77,000 mark but has since fluctuated. On December 2, it had dipped to Rs 76,680, reflecting the volatility in gold prices over the past month. This decline follows a period of lower demand post-festivities, with prices peaking at Rs 81,500 in October due to festive demand, before slipping below Rs 74,390 in November.
Global factors, such as the US election results and geopolitical tensions like the Russia-Ukraine conflict, have heavily impacted gold prices. These events caused fluctuations in gold prices, pushing them up and down depending on market sentiment. The preference for equities over safe-haven investments like gold also contributed to the price slump. However, geopolitical conflicts, particularly the Russia-Ukraine situation, led to a rebound in gold rates.
Meanwhile, silver is currently priced at Rs 92,230 per kilogram, showing steady movement. Futures prices for both gold and silver for February 5, 2025, are Rs 76,458 and Rs 92,365, respectively, as per the Multi Commodity Exchange (MCX).
Global gold prices remain strong, holding above the $2,567-mark since the beginning of December, with the current price at $2,632 according to the World Gold Council. Silver, like gold, has been affected by global events, but its prices remain relatively stable.
