Gold Prices Up, Silver Down On November 6: Check Latest Bullion Rates In Your City.
Gold Rate Today In India: As of November 6, 2023, there’s a variation within the retail costs of 10 grams of gold throughout completely different cities, with a mean settling round Rs 62,000. Specifically, the associated fee for 10 grams of 24-carat gold is roughly Rs 61,470, whereas an equal amount of 22-carat gold instructions a price of Rs 56,350. Moreover, the present fee for silver is about at Rs 75,200 per kilogram.
Retail gold fee in India: November 06
Delhi Gold RateÂ
In Delhi, clients must pay Rs 56,500 for 10 grams of twenty-two-carat gold and Rs 61,790 for an identical quantity of 24-carat gold.
Ahmedabad Gold RateÂ
In Ahmedabad, the present retail value for 10 grams of twenty-two-carat gold is Rs 56,400, and the corresponding quantity of 24-carat gold is accessible at Rs 61,520.
Chennai Gold RateÂ
In Chennai, the retail value for 10 grams of twenty-two-carat gold is Rs 57,000, and for an identical quantity of 24-carat gold, it’s Rs 62,180.
Check gold charges at this time in numerous cities on November 06, 2023; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Mumbai | 56,350 | 61,470 |
| Gurugram | 56,500 | 61,790 |
| Kolkata | 56,500 | 61,640 |
| Lucknow | 56,650 | 61,790 |
| Bengaluru | 56,500 | 61,640 |
| Jaipur | 56,650 | 61,790 |
| Patna | 56,550 | 61,690 |
| Bhubaneshwar | 56,500 | 61,640 |
| Hyderabad | 56,500 | 61,640 |
Multi Commodity Exchange
On November 06, gold futures expiring on December 05, 2023, had been being traded at Rs 61,025 on the Multi Commodity Exchange. Conversely, silver futures with the identical maturity date had been priced at Rs 72,287.
The retail price of gold is the quantity at which it’s vended to shoppers inside the nation. This pricing is formed by various components, encompassing the worldwide gold value, the Rupee’s worth, and the prices linked to labour and supplies employed within the manufacturing of gold jewelry.
Here are a number of components that may exert affect on the worth of gold:
Supply and Demand: The gold value is primarily decided by the dynamic interaction of provide and demand out there. An improve in demand sometimes results in an increase in value, whereas a surplus within the provide of gold can drive costs down.
Global Economic Conditions: The broader international financial panorama additionally exerts a considerable impression on gold costs. During intervals of worldwide financial instability or recession, buyers usually flip to gold as a protected haven, inflicting its value to extend.
Political Instability: Furthermore, political instability can have a notable impact on gold costs. When there’s political turmoil or disaster in a major nation or area, buyers could choose to safe their belongings by investing in gold as a hedge towards uncertainty. This heightened demand can lead to an uptick within the value of gold.
Gold holds nice significance in India on account of its cultural significance, funding worth, and longstanding function in weddings and festivals.
