Gold worth as we speak in India on November 16: India is the biggest importer of gold, which primarily caters to the demand of the jewelry trade. (Representative picture)
Gold charge as we speak: In Chennai, the worth for 10 grams of twenty-two-carat gold is Rs 56,150, and for a similar quantity of 24-carat gold, it is Rs 61,090.
Gold Rate Today In India: On November 16, 2023, the price of 10 grams of gold differs in numerous cities, however on common, it’s about Rs 61,000. Specifically, 10 grams of 24-carat gold value round Rs 61,040, whereas the identical quantity of 22-carat gold is valued at Rs 55,950. The present charge for silver is Rs 74,700 per kilogram.
Gold charge as we speak in India: Retail gold worth on November 16
Delhi Gold RateÂ
In Delhi, individuals need to spend Rs 56,100 for 10 grams of twenty-two-carat gold and Rs 61,190 for a similar quantity of 24-carat gold.
Ahmedabad Gold RateÂ
In Ahmedabad, the present value for 10 grams of twenty-two-carat gold is Rs 56,000, and the identical quantity of 24-carat gold is priced at Rs 61,090.
Chennai Gold RateÂ
In Chennai, the worth for 10 grams of twenty-two-carat gold is Rs 56,450, and for a similar quantity of 24-carat gold, it’s Rs 61,580.
Check gold charges as we speak in numerous cities on November 16, 2023; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Mumbai | 55,950 | 61,040 |
| Gurugram | 56,100 | 61,190 |
| Kolkata | 55,950 | 61,040 |
| Lucknow | 56,100 | 61,190 |
| Bengaluru | 55,950 | 61,040 |
| Jaipur | 56,100 | 61,190 |
| Patna | 56,000 | 61,090 |
| Bhubaneshwar | 55,950 | 61,040 |
| Hyderabad | 55,950 | 61,040 |
Multi Commodity Exchange
On November 16, gold futures expiring on December 05, 2023, had been buying and selling at Rs 60,128 on the Multi Commodity Exchange. At the identical time, silver futures with the identical maturity date had been priced at Rs 72,234.
The retail worth of gold is the quantity it’s bought to clients within the nation. This worth is influenced by varied components, together with the worldwide gold worth, the worth of the Rupee, and the prices related to labour and supplies utilized in making gold jewelry.
Gold holds nice significance in India resulting from its cultural significance, funding worth, and longstanding position in weddings and festivals.
Here are a number of components that may exert affect on the worth of gold:
Supply and Demand: The worth of gold primarily is determined by how a lot individuals need it and the way a lot is offered. If extra individuals need gold, the worth often goes up. But if there’s an excessive amount of gold obtainable, the worth can go down.
Global Economic Conditions: The general world financial system additionally has a huge impact on gold costs. When the world financial system just isn’t doing properly or there’s a recession, buyers typically select gold as a secure choice, inflicting its worth to go up.
Political Instability: Political troubles can even have an effect on gold costs. When there’s uncertainty or a disaster in an essential nation or area, buyers may select to guard their cash by investing in gold. This elevated demand could make the worth of gold go up.
