Gold prices in India have recently dipped below the ₹70,000 mark, creating a buzz among investors and buyers alike. As of November 15, 2024, the price for 22-carat gold is notably lower across various cities, making it an opportune time for purchases.
Current Gold Rates in Major Indian Cities
Here’s a breakdown of the 22-carat gold prices in key cities:
- Delhi: ₹69,050 per 10 grams
- Mumbai: ₹69,390 per 10 grams
- Kolkata: ₹69,390 per 10 grams
- Bengaluru: ₹69,390 per 10 grams
- Chennai: ₹69,390 per 10 grams
- Lucknow: ₹70,990 per 10 grams
Gold Price Today: On November 15, gold prices in India were below Rs 76,000 per 10 grams in line with international market trends. The price of 24 carat gold, Known for its supreme purity, on Friday fell to Rs. 75,790 per 10 grams. For jewelry buyers, 22 carat goldWhich is more durable due to its alloy composition, it costs Rs. 70,000 down to Rs. 69,490 per 10 grams has come down.
Silver price today
Silver also Rs. 1,500 with a reduction of Rs. 89,400 per kg.
Gold Rate Today in India: Retail Gold Price on 15 November
MCX will be closed on Friday due to Guru Nanak Jayanti.
Retail Gold Price in India
What is the retail price of gold per gram?
Gold price per gram refers to the price of one gram of gold, usually denominated in a currency such as the Indian rupee. This price fluctuates daily depending on several factors including economic conditions, geopolitical events and supply-demand dynamics.
In India, the retail price of gold, the final price consumers pay, is more influenced by its market value. Various factors like import duties, taxes and currency exchange rates play an important role.
Gold has deep cultural significance in India, serving as a popular investment and playing a central role in weddings and festivals.