Gold charge right this moment in India on December 14: India is the most important importer of gold, which primarily caters to the demand of the jewelry business. (Representative picture)
Gold Rate Today In India: Gold costs in India fluctuated throughout cities on December 14, 2023, however the common price for 10 grams hovered round Rs 62,000. Specifically, 10 grams of 24-carat gold commanded a median worth of Rs 62,890, whereas 22-carat gold fetched Rs 57,650 for the same amount. Meanwhile, silver maintained its upward trajectory, settling at Rs 77,500 per kilogram.
Gold charge right this moment in India: Retail gold worth on December 14
Delhi Gold RateÂ
In Delhi, individuals should spend Rs 57,800 for 10 grams of twenty-two-carat gold and Rs 63,040 for a similar quantity of 24-carat gold.
Mumbai Gold RateÂ
In Mumbai, the present price for 10 grams of twenty-two-carat gold is Rs 57,650, and the identical quantity of 24-carat gold is priced at Rs 62,890.
Chennai Gold RateÂ
In Chennai, the worth for 10 grams of twenty-two-carat gold is Rs 58,200, and for a similar quantity of 24-carat gold, it’s Rs 63,490.
Check gold charges right this moment in numerous cities on December 14, 2023; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Ahmedabad | 57,700 | 62,940 |
| Gurugram | 57,800 | 63,040 |
| Kolkata | 57,650 | 62,890 |
| Lucknow | 57,800 | 63,040 |
| Bengaluru | 57,650 | 62,890 |
| Jaipur | 57,800 | 63,040 |
| Patna | 57,700 | 62,940 |
| Bhubaneshwar | 57,650 | 62,890 |
| Hyderabad | 57,650 | 62,890 |
Multi Commodity Exchange
On December 14, gold futures expiring on February 05, 2024, had been buying and selling at Rs 62,422 on the Multi Commodity Exchange. Silver futures expiring on March 05, 2024 had been buying and selling at Rs 74,355.
The retail worth of gold is the quantity it’s bought to prospects within the nation. This worth is influenced by varied elements, together with the worldwide gold worth, the worth of the Rupee, and the prices related to labour and supplies utilized in making gold jewelry.
Gold holds nice significance in India as a result of its cultural significance, funding worth, and longstanding function in weddings and festivals.
Here are a number of elements that may exert affect on the worth of gold:
Supply and Demand: The worth of gold primarily will depend on how a lot individuals need it and the way a lot is accessible. If extra individuals need gold, the worth often goes up. But if there’s an excessive amount of gold accessible, the worth can go down.
Global Economic Conditions: The total world financial system additionally has a huge impact on gold costs. When the world financial system will not be doing nicely or there’s a recession, traders usually select gold as a secure choice, inflicting its worth to go up.
Political Instability: Political troubles also can have an effect on gold costs. When there’s uncertainty or a disaster in an essential nation or area, traders may select to guard their cash by investing in gold. This elevated demand could make the worth of gold go up.
