Gold and silver prices on 24-05-2024

Gold and Silver Prices: Gold prices experienced a slight drop on Friday. The price of 24 carat gold is now Rs.7457.4 per gram, decreased by Rs.988.0. The price of 22-carat gold is now Rs.6831.0 per gram, decreased by Rs.904.0.

The cost of silver is Rs.90240.0 per kg down by Rs.2740.0 per kg.

Various factors, including the insights provided by reputable jewelers, influence the fluctuations in the prices of Gold and Silver. Factors like the global demand for gold, differences in currency rates across nations, prevailing interest rates, and governmental regulations on the gold market are all contributing factors to these fluctuations. Moreover, factors like the global economy and the strength of the US dollar compared to other currencies play a role in impacting the price of gold in the Indian market.