On June 5, the price of 10 grams of gold experienced a significant increase, maintaining around Rs 72,000. Specifically, pure 24-carat gold was priced at Rs 72,880 per 10 grams, up by Rs 701, while 22-carat gold stood at approximately Rs 66,810 per 10 grams, marking an increase of Rs 643.
The price of silver witnessed a decline, dropping to Rs 94,100 per kilogram. The cost of 24-carat gold rose to Rs 7,420 per gram, while 22-carat gold increased to Rs 6,796.8 per gram. Conversely, the price of silver fell to Rs 88,930 per kilogram, down by Rs 1,470.
Fluctuations in gold and silver prices are influenced by various factors, including input from respected jewellers, global demand for gold, currency value variations, current interest rates, and government regulations regarding the gold trade. These elements collectively contribute to the dynamic nature of precious metal prices.
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