Gold value immediately in India on November 01: India is the biggest importer of gold, which primarily caters to the demand of the jewelry trade. (Representative picture)
Gold price immediately: In Chennai, the retail value for 10 grams of twenty-two-carat gold is Rs 57,150
Gold Rate Today In India: As of November 01, 2023, variations within the retail costs of 10 grams of gold might be noticed throughout totally different cities, averaging round Rs 62,000. Specifically, 10 grams of 24-carat gold is priced at roughly Rs 61,850, whereas an equal amount of 22-carat gold is valued at Rs 56,700. Furthermore, the present price for silver is Rs 75,300 per kilogram.
Retail gold price in India: November 01
Delhi Gold RateÂ
In Delhi, clients have to pay Rs 56,850 for 10 grams of twenty-two-carat gold and Rs 62,000 for an identical quantity of 24-carat gold.
Ahmedabad Gold RateÂ
In Ahmedabad, the present retail value for 10 grams of twenty-two-carat gold is Rs 56,750, and the corresponding quantity of 24-carat gold is out there at Rs 61,900.
Chennai Gold RateÂ
In Chennai, the retail value for 10 grams of twenty-two-carat gold is Rs 57,150, and for an identical quantity of 24-carat gold, it’s Rs 62,350.
Check gold charges immediately in numerous cities on November 1, 2023; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Mumbai | 56,700 | 61,850 |
| Gurugram | 56,850 | 62,000 |
| Kolkata | 56,700 | 61,850 |
| Lucknow | 56,850 | 62,000 |
| Bengaluru | 56,700 | 61,850 |
| Jaipur | 56,850 | 62,000 |
| Patna | 56,750 | 61,900 |
| Bhubaneshwar | 56,700 | 61,850 |
| Hyderabad | 56,700 | 61,850 |
Multi Commodity Exchange
As of November 01, gold futures expiring on December 05, 2023, had been being traded at Rs 60,770 on the Multi Commodity Exchange. Conversely, silver futures with the identical maturity date had been priced at Rs 71,185.
The retail price of gold is the quantity at which it’s vended to shoppers throughout the nation. This pricing is formed by numerous components, encompassing the worldwide gold value, the Rupee’s worth, and the prices linked to labour and supplies employed within the manufacturing of gold jewelry.
Here are a number of components that may exert affect on the worth of gold:
Supply and Demand: The gold value is primarily decided by the dynamic interaction of provide and demand available in the market. An improve in demand usually results in an increase in value, whereas a surplus within the provide of gold can drive costs down.
Global Economic Conditions: The broader international financial panorama additionally exerts a considerable influence on gold costs. During intervals of worldwide financial instability or recession, buyers typically flip to gold as a protected haven, inflicting its value to extend.
Political Instability: Furthermore, political instability can have a notable impact on gold costs. When there’s political turmoil or disaster in a big nation or area, buyers might choose to safe their belongings by investing in gold as a hedge in opposition to uncertainty. This heightened demand may end up in an uptick within the value of gold.
Gold carries immense significance in India owing to its cultural significance, funding worth, and conventional function in weddings and festivals.
