Gold price as we speak in India on November 20: India is the most important importer of gold, which primarily caters to the demand of the jewelry trade. (Representative picture)
Gold price as we speak: The retail value of gold is the quantity it is offered to clients within the nation.
Gold Rate Today In India: On November 20, 2023, the price of 10 grams of gold differs in numerous cities, however on common, it’s about Rs 61,000. Specifically, 10 grams of 24-carat gold value round Rs 61,690, whereas the identical quantity of 22-carat gold is valued at Rs 56,550. The present price for silver is Rs 76,000 per kilogram.
Gold price as we speak in India: Retail gold value on November 20
Delhi Gold RateÂ
In Delhi, individuals must spend Rs 56,700 for 10 grams of twenty-two-carat gold and Rs 61,790 for a similar quantity of 24-carat gold.
Ahmedabad Gold RateÂ
In Ahmedabad, the present value for 10 grams of twenty-two-carat gold is Rs 56,600, and the identical quantity of 24-carat gold is priced at Rs 61,690.
Chennai Gold RateÂ
In Chennai, the value for 10 grams of twenty-two-carat gold is Rs 57,000, and for a similar quantity of 24-carat gold, it’s Rs 62,180.
Check gold charges as we speak in numerous cities on November 20, 2023; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Mumbai | 56,550 | 61,690 |
| Gurugram | 56,700 | 61,790 |
| Kolkata | 56,550 | 61,690 |
| Lucknow | 56,700 | 61,790 |
| Bengaluru | 56,550 | 61,690 |
| Jaipur | 56,700 | 61,790 |
| Patna | 56,600 | 61,690 |
| Bhubaneshwar | 56,550 | 61,690 |
| Hyderabad | 56,550 | 61,690 |
Multi Commodity Exchange
On November 20, gold futures expiring on December 05, 2023, have been buying and selling at Rs 60,733 on the Multi Commodity Exchange. At the identical time, silver futures with the identical maturity date have been priced at Rs 73,170.
The retail value of gold is the quantity it’s offered to clients within the nation. This value is influenced by numerous components, together with the worldwide gold value, the worth of the Rupee, and the prices related to labour and supplies utilized in making gold jewelry.
Gold holds nice significance in India because of its cultural significance, funding worth, and longstanding function in weddings and festivals.
Here are a number of components that may exert affect on the value of gold:
Supply and Demand: The value of gold primarily depends upon how a lot individuals need it and the way a lot is obtainable. If extra individuals need gold, the value normally goes up. But if there’s an excessive amount of gold obtainable, the value can go down.
Global Economic Conditions: The total international economic system additionally has a big effect on gold costs. When the world economic system isn’t doing properly or there’s a recession, traders typically select gold as a secure possibility, inflicting its value to go up.
Political Instability: Political troubles may have an effect on gold costs. When there’s uncertainty or a disaster in an necessary nation or area, traders may select to guard their cash by investing in gold. This elevated demand could make the value of gold go up.
