Gold price right now in India: Check Retail gold value on December 05. (Representative picture)
Gold price right now: In Mumbai, the present price for 10 grams of 24-carat gold is Rs 63,110.
Gold Rate Today In India: Gold costs in India fluctuated throughout cities on December 5, 2023, however the common price for 10 grams hovered round Rs 63,000. Specifically, 10 grams of 24-carat gold commanded a median value of Rs 63,110, whereas 22-carat gold fetched Rs 57,850 for the same amount. Meanwhile, silver maintained its upward trajectory, settling at Rs 78,500 per kilogram.
Gold price right now in India: Retail gold value on December 05
Delhi Gold RateÂ
In Delhi, individuals need to spend Rs 58,000 for 10 grams of 22-carat gold and Rs 63,260 for a similar quantity of 24-carat gold.
Mumbai Gold RateÂ
In Mumbai, the present price for 10 grams of 22-carat gold is Rs 57,850, and the identical quantity of 24-carat gold is priced at Rs 63,110.
Chennai Gold RateÂ
In Chennai, the value for 10 grams of 22-carat gold is Rs 58,500, and for a similar quantity of 24-carat gold, it’s Rs 63,820.
Check gold charges right now in several cities on December 05, 2023; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Ahmedabad | 57,900 | 63,160 |
| Gurugram | 58,000 | 63,260 |
| Kolkata | 57,850 | 63,110 |
| Lucknow | 58,000 | 63,260 |
| Bengaluru | 57,850 | 63,110 |
| Jaipur | 58,000 | 63,260 |
| Patna | 57,900 | 63,160 |
| Bhubaneshwar | 57,850 | 63,110 |
| Hyderabad | 57,850 | 63,110 |
Multi Commodity Exchange
On December 05, gold futures expiring on February 05, 2024, have been buying and selling at Rs 62,547 on the Multi Commodity Exchange. Silver futures expiring on March 05, 2024 have been buying and selling at Rs 76,176.
The retail value of gold is the quantity it’s offered to clients within the nation. This value is influenced by varied elements, 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 on account 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 value of gold:
Supply and Demand: The value of gold primarily is dependent upon how a lot individuals need it and the way a lot is obtainable. If extra individuals need gold, the value often goes up. But if there’s an excessive amount of gold out there, the value can go down.
Global Economic Conditions: The general international economic system additionally has a huge impact on gold costs. When the world economic system is just not doing effectively or there’s a recession, traders typically select gold as a protected possibility, inflicting its value to go up.
Political Instability: Political troubles also can 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.
