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Gold charge immediately: In Chennai, the retail worth for 10 grams of 22-carat gold is Rs 56,600. (Representative picture)
Gold Rate Falls Today In India: Check 22 Carat Price In Your City On November 8 – News18
Gold Rate Today In India: As of November 8, 2023, there’s a variation within the retail costs of 10 grams of gold throughout totally different cities, with a median settling round Rs 61,000. Specifically, the fee for 10 grams of 24-carat gold is roughly Rs 61,200, whereas an equal amount of 22-carat gold instructions a worth of Rs 56,100. Moreover, the present charge for silver is ready at Rs 73,500 per kilogram.
Retail gold charge in India: November 08
Delhi Gold RateÂ
In Delhi, clients must pay Rs 56,250 for 10 grams of 22-carat gold and Rs 61,350 for an identical quantity of 24-carat gold.
Ahmedabad Gold RateÂ
In Ahmedabad, the present retail worth for 10 grams of 22-carat gold is Rs 56,150, and the corresponding quantity of 24-carat gold is accessible at Rs 61,250.
Chennai Gold RateÂ
In Chennai, the retail worth for 10 grams of 22-carat gold is Rs 56,600, and for an identical quantity of 24-carat gold, it’s Rs 61,750.
Check gold charges immediately in several cities on November 08, 2023; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Mumbai | 56,100 | 61,200 |
| Gurugram | 56,250 | 61,350 |
| Kolkata | 56,100 | 61,200 |
| Lucknow | 56,250 | 61,350 |
| Bengaluru | 56,100 | 61,200 |
| Jaipur | 56,250 | 61,350 |
| Patna | 56,150 | 61,250 |
| Bhubaneshwar | 56,100 | 61,200 |
| Hyderabad | 56,100 | 61,200 |
Multi Commodity Exchange
On November 08, gold futures expiring on December 05, 2023, had been being traded at Rs 60,365 on the Multi Commodity Exchange. Conversely, silver futures with the identical maturity date had been priced at Rs 70,569.
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 worth, the Rupee’s worth, and the prices linked to labour and supplies employed within the manufacturing of gold jewelry.
Here are a number of elements that may exert affect on the value of gold:
Supply and Demand: The gold worth is primarily decided by the dynamic interaction of provide and demand out there. An improve in demand usually results in an increase in worth, whereas a surplus within the provide of gold can drive costs down.
Global Economic Conditions: The broader international financial panorama additionally exerts a considerable affect on gold costs. During durations of worldwide financial instability or recession, traders typically flip to gold as a protected haven, inflicting its worth to extend.
Political Instability: Furthermore, political instability can have a notable impact on gold costs. When there may be political turmoil or disaster in a big nation or area, traders could decide to safe their property by investing in gold as a hedge towards uncertainty. This heightened demand may end up in an uptick within the worth of gold.
Gold holds nice significance in India as a consequence of its cultural significance, funding worth, and longstanding position in weddings and festivals.
