Gold and Silver Prices Today on 03-07-2024: Check Latest Rates in Your City

Gold and Silver Prices Today: On Wednesday, gold prices experienced a slight decline. The price of 24-carat gold is now Rs. 7291.1 per gram, a decrease of Rs. 113.0. Meanwhile, 22-carat gold is priced at Rs. 6678.6 per gram, down by Rs. 104.0.

Historical Context: Gold and silver have been valuable commodities for centuries, often seen as safe-haven assets during economic uncertainty. Their prices are influenced by various factors, including inflation, currency fluctuations, and geopolitical events. Understanding these historical trends can help students preparing for competitive exams grasp the broader economic implications of these price changes.

Weekly and Monthly Changes:

• The price of 24-carat gold has changed by 0.19% over the past week and by 0.71% over the past month.

Silver Prices:

• The cost of silver is Rs. 88190.0 per kg, an increase of Rs. 300.0 per kg.

City-wise Gold and Silver Prices:

Delhi:

• Gold: ₹72911.0/10 grams (Today), ₹72984.0/10 grams (Yesterday), ₹73120.0/10 grams (Last Week)
• Silver: ₹88190.0/Kg (Today), ₹88260.0/Kg (Yesterday), ₹87120.0/Kg (Last Week)

Chennai:

• Gold: ₹73986.0/10 grams (Today), ₹73703.0/10 grams (Yesterday), ₹72835.0/10 grams (Last Week)
• Silver: ₹88100.0/Kg (Today), ₹88180.0/Kg (Yesterday), ₹87030.0/Kg (Last Week)

Mumbai:

• Gold: ₹73341.0/10 grams (Today), ₹74134.0/10 grams (Yesterday), ₹73548.0/10 grams (Last Week)
• Silver: ₹88190.0/Kg (Today), ₹88260.0/Kg (Yesterday), ₹87120.0/Kg (Last Week)

Kolkata:

• Gold: ₹72911.0/10 grams (Today), ₹73200.0/10 grams (Yesterday), ₹73120.0/10 grams (Last Week)
• Silver: ₹88190.0/Kg (Today), ₹88260.0/Kg (Yesterday), ₹87120.0/Kg (Last Week)

Futures Trading:

• Gold August 2024 MCX Futures: Trading at Rs. 71776.0 per 10 grams, up by 0.31%.
• Silver September 2024 MCX Futures: Trading at Rs. 90521.0 per kg, up by 0.699%.

Summary:

• 24-carat gold price: Rs. 7291.1 per gram, down by Rs. 113.0.
• 22-carat gold price: Rs. 6678.6 per gram, down by Rs. 104.0.
• Silver price: Rs. 88190.0 per kg, up by Rs. 300.0.
• Weekly change in 24-carat gold price: 0.19%.
• Monthly change in 24-carat gold price: 0.71%.
• **City-wise gold and silver prices provided for Delhi, Chennai, Mumbai, and Kolkata.
• Gold and silver futures trading prices also included.

Understanding these price trends and their historical context can provide valuable insights for students preparing for competitive exams, especially those focusing on economics and finance.