Gold worth right this moment in India on October 21: India is the most important importer of gold, which primarily caters to the demand of the jewelry business. (Representative picture)
Gold charge right this moment: Gold futures expiring on December 05, 2023, have been being traded at Rs 60,725 on the Multi Commodity Exchange.
Gold Rate Today In India: As of October 21, there are noticeable fluctuations within the retail charges of 10 grams of gold throughout varied cities, averaging round Rs 61,000. To delve into specifics, 10 grams of 24-carat gold is listed at roughly Rs 61,750, whereas an equal amount of 22-carat gold is priced at Rs 56,600. Furthermore, the present worth of silver is Rs 74,100 per kilogram.
October 21 retail gold charge in India
Delhi Gold RateÂ
In Delhi, prospects have to pay Rs 56,550 for 10 grams of twenty-two-carat gold and Rs 61,690 for an identical quantity of 24-carat gold.
Ahmedabad Gold RateÂ
In Ahmedabad, the present retail worth for 10 grams of twenty-two-carat gold is Rs 56,450, and the corresponding quantity of 24-carat gold is accessible at Rs 61,580.
Chennai Gold RateÂ
In Chennai, the retail worth for 10 grams of twenty-two-carat gold is Rs 56,550, and for an identical quantity of 24-carat gold, it’s Rs 61,690.
Check gold charges right this moment in several cities on October 21, 2023; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Mumbai | 56,600 | 61,750 |
| Gurugram | 56,550 | 61,690 |
| Kolkata | 56,400 | 61,530 |
| Lucknow | 56,550 | 61,690 |
| Bengaluru | 56,400 | 61,530 |
| Jaipur | 56,550 | 61,690 |
| Patna | 56,450 | 61,580 |
| Bhubaneshwar | 56,400 | 61,530 |
| Hyderabad | 56,400 | 61,530 |
Multi Commodity Exchange
As of October 20, gold futures expiring on December 05, 2023, have been being traded at Rs 60,725 on the Multi Commodity Exchange. Conversely, silver futures with the identical maturity date have been priced at Rs 72,915.
The retail worth of gold represents the sum at which it’s bought to shoppers throughout the nation. This pricing is influenced by varied components, together with the worldwide gold worth, the worth of the Rupee, and the bills related to labour and supplies utilized in crafting gold jewellery.
Here are a number of components 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 international financial panorama additionally exerts a considerable influence on gold costs. During durations of world 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 major nation or area, traders could decide to safe their belongings by investing in gold as a hedge towards uncertainty. This heightened demand can lead to an uptick within the worth of gold.
Gold carries immense significance in India owing to its cultural significance, funding worth, and conventional position in weddings and festivals.
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