Gold Prices Drop On Raksha Bandhan – Perfect Time To Gift Your Sister; Check Rates In Major Cities

On this Raksha Bandhan, as families celebrate the bond between brothers and sisters, many are considering gifts of gold and silver to mark the occasion. Here's a detailed look at the latest prices for gold and silver, which might help you decide on the perfect gift for your sister.

Gold Prices Drop Slightly

Today, the rate for 24-carat gold has decreased to Rs 7201.6 per gram, marking a drop of Rs 353.0 from the previous rate. Similarly, 22-carat gold is now priced at Rs 6596.6 per gram, down by Rs 324.0.

Photo Credit: PTI

Over the past week, the rate for 24-carat gold has changed by -0.72 per cent, while in the last month, it has risen by 3.84 per cent. This slight decrease could be a good opportunity to purchase gold as a gift.

Silver Price Today

The price of silver remains unchanged today at Rs 81750.0 per kilogram. This consistency in the silver rate can be a reliable factor when choosing silver gifts.

Gold Price Today

Delhi: Gold is priced at Rs 72,016.0 per 10 grams today, a slight increase from Rs 71,734.0 yesterday and up from Rs 71,218.0 last week. Silver in Delhi is priced at Rs 81,750.0 per kilogram, remaining steady from yesterday and last week.

Chennai: In Chennai, the rate for gold today is Rs 72,652.0 per 10 grams, compared to Rs 71,804.0 yesterday and Rs 71,637.0 last week. The silver rate stands at Rs 81,670.0 per kilogram, unchanged from yesterday and last week.

Mumbai: Gold rates in Mumbai have risen to Rs 72,863.0 per 10 grams today, up from Rs 72,228.0 yesterday and Rs 71,078.0 last week. Silver is priced at Rs 81,750.0 per kilogram, also stable from yesterday and last week.

Kolkata: The rate for gold in Kolkata is Rs 72,722.0 per 10 grams today, up from Rs 72,016.0 yesterday and Rs 71,987.0 last week. Silver prices in Kolkata match those in other cities at Rs 81,750.0 per kilogram.

Futures Market

Gold December 2024 MCX futures are trading at Rs 72,030.0 per 10 grams, showing a minor increase. Silver August 2024 MCX futures are at Rs 4,953.5 per kilogram, up by Rs 14.558.

Factors Influencing Prices

Gold and silver prices are influenced by various factors including global demand, currency fluctuations, interest rates, and government policies. Additionally, international economic conditions and the strength of the US dollar against other currencies also impact the prices in the Indian market.

As you prepare for Raksha Bandhan, these prices can guide you in choosing a thoughtful and valuable gift for your sister. Whether you opt for gold or silver, understanding the current rates can help you make an informed decision and celebrate this special occasion meaningfully.