Gold fee as we speak in India on December 03: India is the most important importer of gold, which primarily caters to the demand of the jewelry trade. (Representative picture)
Gold fee as we speak in India: In Delhi, individuals need to spend Rs 63,910 for 10 grams of 24-carat gold.
Gold Rate Today In India: On December 03, 2023, the worth of 10 grams of gold assorted throughout completely different cities in India, however the common value was round Rs 62,000. To be particular, 10 grams of 24-carat gold value roughly Rs 63,760, whereas an identical quantity of 22-carat gold was valued at Rs 58,450. The present worth for silver was Rs 80,500 per kilogram.
Gold fee as we speak in India: Retail gold worth on December 03
Delhi Gold RateÂ
In Delhi, individuals need to spend Rs 58,600 for 10 grams of 22-carat gold and Rs 63,910 for a similar quantity of 24-carat gold.
Mumbai Gold RateÂ
In Mumbai, the present value for 10 grams of 22-carat gold is Rs 58,450, and the identical quantity of 24-carat gold is priced at Rs 63,760.
Chennai Gold RateÂ
In Chennai, the worth for 10 grams of 22-carat gold is Rs 59,150, and for a similar quantity of 24-carat gold, it’s Rs 64,530.
Check gold charges as we speak in several cities on December 03, 2023; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Ahmedabad | 58,500 | 63,810 |
| Gurugram | 58,600 | 63,910 |
| Kolkata | 58,450 | 63,760 |
| Lucknow | 58,600 | 63,910 |
| Bengaluru | 58,450 | 63,760 |
| Jaipur | 58,600 | 63,910 |
| Patna | 58,500 | 63,810 |
| Bhubaneshwar | 58,450 | 63,760 |
| Hyderabad | 58,450 | 63,760 |
Multi Commodity Exchange
On December 01, gold futures expiring on February 05, 2024, have been buying and selling at Rs 63,355 on the Multi Commodity Exchange. Silver futures expiring on March 05, 2024 have been buying and selling at Rs 77,965.
The retail worth of gold is the quantity it’s offered to prospects within the nation. This worth is influenced by numerous 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 attributable to 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 is determined by how a lot individuals need it and the way a lot is on the market. If extra individuals need gold, the worth often goes up. But if there’s an excessive amount of gold obtainable, the worth can go down.
Global Economic Conditions: The total world economic system additionally has a huge impact on gold costs. When the world economic system just isn’t doing properly or there’s a recession, buyers usually select gold as a protected possibility, 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 vital nation or area, buyers may select to guard their cash by investing in gold. This elevated demand could make the worth of gold go up.
