Gold price as we speak in India on December 02: India is the biggest importer of gold, which primarily caters to the demand of the jewelry trade. (Representative picture)
Gold price as we speak: On December 01, gold futures expiring on February 05, 2024, had been buying and selling at Rs 63,355 on the Multi Commodity Exchange.
Gold Rate Today In India: On December 02, 2023, the worth of 10 grams of gold various throughout completely different cities in India, however the common price was round Rs 62,000. To be particular, 10 grams of 24-carat gold price roughly Rs 63,760, whereas an identical quantity of 22-carat gold was valued at Rs 58,450. The present value for silver was Rs 80,500 per kilogram.
Gold price as we speak in India: Retail gold value on December 02
Delhi Gold RateÂ
In Delhi, folks must spend Rs 58,600 for 10 grams of twenty-two-carat gold and Rs 63,910 for a similar quantity of 24-carat gold.
Mumbai Gold RateÂ
In Mumbai, the present price for 10 grams of twenty-two-carat gold is Rs 58,450, and the identical quantity of 24-carat gold is priced at Rs 63,760.
Chennai Gold RateÂ
In Chennai, the worth for 10 grams of twenty-two-carat gold is Rs 59,150, and for a similar quantity of 24-carat gold, it’s Rs 64,530.
Check gold charges as we speak in several cities on December 02, 2023; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Ahmedabad | 58,500 | 63,810 |
| Gurugram | 58,600 | 63,910 |
| Kolkata | 58,450 | 63,760 |
| Lucknow | 58,600 | 63,910 |
| Bengaluru | 58,450 | 63,760 |
| Jaipur | 58,600 | 63,910 |
| Patna | 58,500 | 63,810 |
| Bhubaneshwar | 58,450 | 63,760 |
| Hyderabad | 58,450 | 63,760 |
Multi Commodity Exchange
On December 01, gold futures expiring on February 05, 2024, had been buying and selling at Rs 63,355 on the Multi Commodity Exchange. Silver futures expiring on March 05, 2024 had been buying and selling at Rs 77,965.
The retail value of gold is the quantity it’s bought to prospects within the nation. This value is influenced by numerous elements, together with the worldwide gold value, the worth of the Rupee, and the prices related to labour and supplies utilized in making gold jewelry.
Gold holds nice significance in India attributable to its cultural significance, funding worth, and longstanding function in weddings and festivals.
Here are a number of elements that may exert affect on the worth of gold:
Supply and Demand: The value of gold primarily depends upon how a lot folks need it and the way a lot is obtainable. If extra folks need gold, the worth often goes up. But if there’s an excessive amount of gold out there, the worth can go down.
Global Economic Conditions: The total world financial system additionally has a huge impact on gold costs. When the world financial system isn’t doing effectively or there’s a recession, traders usually select gold as a secure possibility, inflicting its value to go up.
Political Instability: Political troubles also can have an effect on gold costs. When there’s uncertainty or a disaster in an vital nation or area, traders would possibly select to guard their cash by investing in gold. This elevated demand could make the worth of gold go up.
