Prices for gold and silver on July 2: View local rates now
On Sunday, major Indian cities saw an uptick in gold prices of 20 rupees. One gramme of 22 carat metal costs $5,415 according to the website Goodreturns, which follows gold prices on a daily basis. On the other hand, 24 carat gold costs $5,907 for one gramme.
In Delhi, the cost of 10 grammes of 22K and 24K gold was 54,300 and 59,220, respectively. 24K gold cost 59,070 per 10 gms in Mumbai, the financial hub of India. 22K gold was priced at 54,150 per 10 gms.
India’s gold prices are influenced by a number of variables, including the rupee, world events, and governmental regulations.
On July 2, silver prices in significant Indian cities were almost constant. The Goodreturns website states that one gramme of silver cost $71.90.
In India, variables like gold rates, industrial demand, bulk purchases, inflation, etc., affect the price of silver. Silver’s price will rise in tandem with an increase in the price of gold. Silver is used by industrial companies to produce a variety of goods, including jewellery, coins, medals, etc.In addition, making significant transactions and acquisitions makes it simpler to affect the silver market.
