Gold value right now in India on November 09: 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 Marginally Falls In India: Check 22 Carat Price In Your City On November 9 – News18
Gold Rate Today In India: As of November 9, 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 61,190, whereas the same amount of 22-carat gold is valued at Rs 56,090. Additionally, the present charge for silver stands at Rs 73,500 per kilogram.
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Retail gold charge in India: November 09
Delhi Gold RateÂ
In Delhi, prospects must pay Rs 56,240 for 10 grams of 22-carat gold and Rs 61,340 for the same amount of 24-carat gold.
Ahmedabad Gold RateÂ
In Ahmedabad, the present retail value for 10 grams of 22-carat gold is Rs 56,140, and the corresponding quantity of 24-carat gold is offered at Rs 61,240.
Chennai Gold RateÂ
In Chennai, the retail value for 10 grams of 22-carat gold is Rs 56,590, and for the same amount of 24-carat gold, it’s Rs 61,740.
Check gold charges right now in numerous cities on November 09, 2023; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Mumbai | 56,090 | 61,190 |
| Gurugram | 56,240 | 61,340 |
| Kolkata | 56,090 | 61,190 |
| Lucknow | 56,240 | 61,340 |
| Bengaluru | 56,090 | 61,190 |
| Jaipur | 56,240 | 61,340 |
| Patna | 56,140 | 61,240 |
| Bhubaneshwar | 56,090 | 61,190 |
| Hyderabad | 56,090 | 61,190 |
Multi Commodity Exchange
On November 09, gold futures expiring on December 05, 2023, had been being traded at Rs 59,875 on the Multi Commodity Exchange. Conversely, silver futures with the identical maturity date had been priced at Rs 70,334.
The retail value of gold is the quantity at which it’s vended to customers throughout the nation. This pricing is formed by various parts, 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 available in the market. 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 influence on gold costs. During intervals of world financial instability or recession, traders 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 may be political turmoil or disaster in a major nation or area, traders could decide to safe their property 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 holds nice significance in India as a result of its cultural significance, funding worth, and longstanding function in weddings and festivals.
