Gold worth right now in India on November 11: India is the biggest importer of gold, which primarily caters to the demand of the jewelry business. (Representative picture)
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Gold Rate Falls Today In India: Check 24, 22 Carat Prices In Your City On November 11 – News18
Gold Rate Today In India: As of November 11, 2023, the retail costs for 10 grams of gold exhibit variations throughout numerous cities, averaging round Rs 61,000. More exactly, 10 grams of 24-carat gold are priced at roughly Rs 61,080, whereas an identical quantity of 22-carat gold is valued at Rs 55,990. Additionally, the present price for silver stands at Rs 73,500 per kilogram.
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Retail gold price in India: November 11
Delhi Gold RateÂ
In Delhi, prospects have to pay Rs 56,140 for 10 grams of 22-carat gold and Rs 61,240 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 56,040, and the corresponding quantity of 24-carat gold is accessible at Rs 61,130.
Chennai Gold RateÂ
In Chennai, the retail worth for 10 grams of 22-carat gold is Rs 56,440, and for an identical quantity of 24-carat gold, it’s Rs 61,570.
Check gold charges right now in numerous cities on November 11, 2023; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Mumbai | 55,990 | 61,080 |
| Gurugram | 56,140 | 61,240 |
| Kolkata | 55,990 | 61,080 |
| Lucknow | 56,140 | 61,240 |
| Bengaluru | 55,990 | 61,080 |
| Jaipur | 56,140 | 61,240 |
| Patna | 56,040 | 61,130 |
| Bhubaneshwar | 55,990 | 61,080 |
| Hyderabad | 55,990 | 61,080 |
Multi Commodity Exchange
On November 10, gold futures expiring on December 05, 2023, had been being traded at Rs 59,654 on the Multi Commodity Exchange. Conversely, silver futures with the identical maturity date had been priced at Rs 70,025.
The retail value of gold is the quantity at which it’s vended to customers inside the nation. This pricing is formed by various 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 worth 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 sometimes results in an increase in worth, whereas a surplus within the provide of gold can drive costs down.
Global Economic Conditions: The broader world financial panorama additionally exerts a considerable impression on gold costs. During intervals of worldwide financial instability or recession, traders typically flip to gold as a secure haven, inflicting its worth to extend.
Political Instability: Furthermore, political instability can have a notable impact on gold costs. When there’s political turmoil or disaster in a big nation or area, traders might decide to safe their belongings by investing in gold as a hedge in opposition to uncertainty. This heightened demand can lead to an uptick within the worth of gold.
Gold holds nice significance in India on account of its cultural significance, funding worth, and longstanding position in weddings and festivals.
