(*2*)Gold charge at this time in India on November 2: India is the biggest importer of gold, which primarily caters to the demand of the jewelry trade. (Representative picture)
Gold charge at this time: The retail price of gold is the quantity at which it’s vended to shoppers throughout the nation.
Gold Rate Today In India: As of November 02, 2023, variations within the retail costs of 10 grams of gold may be noticed throughout completely different cities, averaging round Rs 62,000. Specifically, 10 grams of 24-carat gold is priced at roughly Rs 61,640, whereas an equal amount of 22-carat gold is valued at Rs 56,500. Furthermore, the present charge for silver is Rs 74,800 per kilogram.
Retail gold charge in India: November 02
Delhi Gold RateÂ
In Delhi, clients have to pay Rs 56,650 for 10 grams of twenty-two-carat gold and Rs 61,790 for the same amount of 24-carat gold.
Ahmedabad Gold RateÂ
In Ahmedabad, the present retail worth for 10 grams of twenty-two-carat gold is Rs 56,550, and the corresponding quantity of 24-carat gold is obtainable at Rs 61,690.
Chennai Gold RateÂ
In Chennai, the retail worth for 10 grams of twenty-two-carat gold is Rs 56,950, and for the same amount of 24-carat gold, it’s Rs 62,130.
Check gold charges at this time in several cities on November 02, 2023; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Mumbai | 56,500 | 61,640 |
| Gurugram | 56,650 | 61,790 |
| Kolkata | 56,500 | 61,640 |
| Lucknow | 56,650 | 61,790 |
| Bengaluru | 56,500 | 61,640 |
| Jaipur | 56,650 | 61,790 |
| Patna | 56,550 | 61,690 |
| Bhubaneshwar | 56,500 | 61,640 |
| Hyderabad | 56,500 | 61,640 |
Multi Commodity Exchange
As of November 02, gold futures expiring on December 05, 2023, have been being traded at Rs 60,898 on the Multi Commodity Exchange. Conversely, silver futures with the identical maturity date have been priced at Rs 71,838.
The retail price of gold is the quantity at which it’s vended to shoppers throughout the nation. This pricing is formed by numerous components, encompassing the worldwide gold worth, the Rupee’s worth, and the prices linked to labour and supplies employed within the manufacturing of gold jewelry.
Here are a number of components that may exert affect on the value of gold:
Supply and Demand: The gold worth is primarily decided by the dynamic interaction of provide and demand out there. An enhance in demand usually results in an increase in worth, whereas a surplus within the provide of gold can drive costs down.
Global Economic Conditions: The broader world financial panorama additionally exerts a considerable affect on gold costs. During durations of world financial instability or recession, buyers usually flip to gold as a secure 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 big nation or area, buyers might choose to safe their property by investing in gold as a hedge in opposition to uncertainty. This heightened demand can lead to an uptick within the worth of gold.
Gold holds nice significance in India on account of its cultural significance, funding worth, and longstanding position in weddings and festivals.
