Gold inches ₹250, silver dips marginally: Check latest rates on May 11

Gold prices in India increased on Thursday now costing 10 grams of 22 carat gold at 56,950 compared to 56,700 on Wednesday, according to figures by Goodreturns. Prices of one gram, eight grams and 100 grams of 22 carat gold have also recorded an increase of 25, 200, and 2,500 now costing at 5,695, 45,560 an 5,69,500 respectively.

The price of 24 carat gold also increased on Thursday. (Representative image/istcok)
The price of 24 carat gold also increased on Thursday. (Representative image/istcok)

The price of 24 carat gold also soared on Thursday. One gram of 24-carat gold is priced at 6,213 while eight grams and 10 grams are priced at 49,704 and 62,130 respectively. The price of 100 grams of 24-carat gold is 6,21,300.

Meanwhile, the prices of silver in India recorded a marginal drop on Thursday. A gram of silver is now costing at 78 compared to 78.10 on Wednesday. Similarly, price of eight grams of silver stood at 624, with a decrease of 0.80. 10 grams of silver is available at 780 while one kg of silver will cost 78,000, with a drop of 100 from yesterday’ price, Goodreturns said.

In India, the prices of gold are based on factors including global demand, currency, interest rates and government policies. It is also dependent on international factors like global economic growth, dollar strength against other currencies etc.

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