Check City-Wise Gold, Silver Prices in India – September 8, 2024

On September 8, 2024, gold prices in India were as follows: 24-carat gold, known for its highest purity, was priced at Rs 72,870 per 10 grams.

The price was Rs 66,800 per 10 grams for those interested in gold jewelry, which typically uses 22-carat gold for its balance of purity and durability.

Silver was trading at Rs 84,500 per kilogram.

Geopolitical events, such as conflicts or diplomatic issues, can drive up gold prices as investors seek it as a safe haven.

Economic factors like inflation and interest rates also play a crucial role in determining gold’s value.

Monitoring global economic conditions, political developments, and currency trends can provide valuable insights for investing in precious metals.

Additionally, currency fluctuations impact precious metal prices; a stronger US dollar might make gold more expensive for holders of other currencies, potentially reducing demand.