Gold Prices In India Today, June 29: Gold and silver prices in India on Sunday remained steady without any price fluctuation. In Mumbai, the price of gold stood at Rs 89,300 per 10 grams for 22-carat and Rs 97,420 per 10 grams for 24-carat. Silver was trading at Rs 1,07,800 per kg in the city. On MCX, gold slid 1.61 per cent to Rs 95,524 per 10 gram, while silver fell 1.36 per cent to Rs 1,05,300 per kg. These spot prices do not include making charges and 3% GST. Satish Dondapati, VP and Fund Manager, Kotak AMC, believed silver is still seen as cheaper compared to gold, even after its recent price increase. The gold-silver ratio is still higher than usual, meaning silver hasn’t caught up to gold’s rise yet. Given silver’s important role both as an industrial metal and a precious metal, we believe there is still potential for silver prices to increase further relative to gold. The outlook for silver over the next 6–12 months is positive, with expectations of increase in silver prices driven by strong industrial demand, supply constraints, weakening US dollar and macroeconomic factors. What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities? 22K Gold (per 10gm) 24K Gold (per 10gm) What Factors Affect Gold Prices In India? International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country. In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals. With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.