Gold value at this time in India on October 31: India is the most important importer of gold, which primarily caters to the demand of the jewelry business. (Representative picture)
Gold charge at this time: In Chennai, the retail value for 10 grams of twenty-two-carat gold is Rs 57,340
Gold Rate Today In India: As of October 31th, variations within the retail costs of 10 grams of gold will be noticed throughout totally different cities, averaging round Rs 62,000. Specifically, 10 grams of 24-carat gold is priced at roughly Rs 62,390, whereas an equal amount of 22-carat gold is valued at Rs 57,190. Furthermore, the present charge for silver is Rs 75,600 per kilogram.
Retail gold charge in India: October 31
Delhi Gold RateÂ
In Delhi, prospects must pay Rs 57,350 for 10 grams of twenty-two-carat gold and Rs 62,550 for the same amount of 24-carat gold.
Ahmedabad Gold RateÂ
In Ahmedabad, the present retail value for 10 grams of twenty-two-carat gold is Rs 57,240, and the corresponding quantity of 24-carat gold is obtainable at Rs 62,430.
Chennai Gold RateÂ
In Chennai, the retail value for 10 grams of twenty-two-carat gold is Rs 57,340, and for the same amount of 24-carat gold, it’s Rs 62,550.
Check gold charges at this time in numerous cities on October 31, 2023; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Mumbai | 57,190 | 62,390 |
| Gurugram | 57,350 | 62,540 |
| Kolkata | 57,190 | 62,390 |
| Lucknow | 57,350 | 62,540 |
| Bengaluru | 57,190 | 62,390 |
| Jaipur | 57,350 | 62,540 |
| Patna | 57,240 | 62,430 |
| Bhubaneshwar | 57,190 | 62,390 |
| Hyderabad | 57,190 | 62,390 |
Multi Commodity Exchange
As of October 31, gold futures expiring on December 05, 2023, have been being traded at Rs 61,156 on the Multi Commodity Exchange. Conversely, silver futures with the identical maturity date have been priced at Rs 72,450.
The retail price of gold is the quantity at which it’s vended to customers throughout 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 elements 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 enhance in demand usually 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 world financial instability or recession, buyers typically 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 big nation or area, buyers might choose to safe their belongings by investing in gold as a hedge in opposition to uncertainty. This heightened demand may end up in an uptick within the value of gold.
Gold carries immense significance in India owing to its cultural significance, funding worth, and conventional function in weddings and festivals.
