Gold Rates Today: A Quick Update for 08 November 2024
Are you keeping an eye on the gold rate today? As of 08 November 2024, gold prices have experienced a slight increase across India, making it an important update for anyone looking to invest or buy gold. Whether you’re purchasing gold jewelry, coins, or bars, knowing the current rates is essential for making informed decisions.
Today’s Gold Price in India (08 November 2024)
- 24 Carat Gold Rate (10 grams): ₹79,643 (+₹910.00)
- 22 Carat Gold Rate (10 grams): ₹73,023 (+₹850.00)
As gold prices are influenced by a range of factors such as global market trends, inflation, and currency fluctuations, it’s important to stay updated with the daily price changes. Let’s dive into more details on the gold prices across major cities.
Gold Price in Metro Cities on 08 November 2024
Here’s how the gold rates stand in key metro cities:
| City | 24 Carat Gold Price (₹/10g) | 22 Carat Gold Price (₹/10g) |
|---|---|---|
| Bangalore | ₹79,485 (+₹910.00) | ₹72,865 (+₹850.00) |
| Chennai | ₹79,491 (+₹910.00) | ₹72,871 (+₹850.00) |
| Delhi | ₹79,643 (+₹910.00) | ₹73,023 (+₹850.00) |
| Kolkata | ₹79,495 (+₹910.00) | ₹72,875 (+₹850.00) |
| Mumbai | ₹79,497 (+₹910.00) | ₹72,877 (+₹850.00) |
| Pune | ₹79,503 (+₹910.00) | ₹72,883 (+₹850.00) |
As we can see, gold prices are relatively consistent across these major cities with a moderate increase of ₹910 for 24 Carat gold and ₹850 for 22 Carat gold. The trend is particularly noticeable in Delhi, where the price of 24 Carat gold has reached ₹79,643 per 10 grams.
Gold Rates in Other Cities Across India
Gold rates are slightly different in other regions, with variations depending on local demand, taxes, and transport costs. Here’s an overview of gold prices in select cities:
| City | 24 Carat Gold Price (₹/10g) | 22 Carat Gold Price (₹/10g) |
|---|---|---|
| Ahmedabad | ₹79,551 | ₹72,931 |
| Amritsar | ₹79,670 | ₹73,050 |
| Chandigarh | ₹79,652 | ₹73,032 |
| Coimbatore | ₹79,510 | ₹72,890 |
| Jaipur | ₹79,636 | ₹73,016 |
| Kanpur | ₹79,663 | ₹73,043 |
You’ll notice that Amritsar has the highest rate for 24 Carat gold today, priced at ₹79,670 per 10 grams, while Kolkata and Bangalore feature slightly lower prices compared to the national average.
| City | 24 Carat (₹ per 10 grams) | 22 Carat (₹ per 10 grams) |
|---|---|---|
| Ahmedabad | ₹79,551 | ₹72,931 |
| Amritsar | ₹79,670 | ₹73,050 |
| Bhopal | ₹79,554 | ₹72,934 |
| Chandigarh | ₹79,652 | ₹73,032 |
| Coimbatore | ₹79,510 | ₹72,890 |
| Faridabad | ₹79,675 | ₹73,055 |
| Gurgaon | ₹79,668 | ₹73,048 |
| Hyderabad | ₹79,499 | ₹72,879 |
| Jaipur | ₹79,636 | ₹73,016 |
| Kanpur | ₹79,663 | ₹73,043 |
| Lucknow | ₹79,659 | ₹73,039 |
| Mumbai | ₹79,497 | ₹72,877 |
| Mysore | ₹79,484 | ₹72,864 |
| Nagpur | ₹79,511 | ₹72,891 |
| Nashik | ₹79,547 | ₹72,927 |
| Patna | ₹79,539 | ₹72,919 |
| Surat | ₹79,558 | ₹72,938 |
| Vadodara | ₹79,564 | ₹72,944 |
| Vijayawada | ₹79,505 | ₹72,885 |
How Have Gold Prices Changed Over the Last 15 Days?
Over the past two weeks, gold prices have fluctuated. On 7 November 2024, prices dropped significantly by ₹1,790 for 24 Carat gold and ₹1,650 for 22 Carat gold. However, 6 November 2024 saw a small increase of ₹110 for 24 Carat and ₹100 for 22 Carat. Here’s a snapshot of the recent price movements:
| Date | 24 Carat Price (₹) | 22 Carat Price (₹) |
|---|---|---|
| Nov 07, 2024 | ₹78,733 (-₹1,790.00) | ₹72,173 (-₹1,650.00) |
| Nov 06, 2024 | ₹80,523 (+₹110.00) | ₹73,823 (+₹100.00) |
| Nov 05, 2024 | ₹80,413 (-₹160.00) | ₹73,723 (-₹100.00) |
| Nov 04, 2024 | ₹80,573 (No Change) | ₹73,823 (No Change) |
| Nov 03, 2024 | ₹80,573 (-₹150.00) | ₹73,823 (-₹190.00) |
| Nov 02, 2024 | ₹80,723 (-₹790.00) | ₹74,013 (-₹720.00) |
| Nov 01, 2024 | ₹81,513 (+₹170.00) | ₹74,733 (+₹150.00) |
| Oct 31, 2024 | ₹81,343 (+₹710.00) | ₹74,583 (+₹650.00) |
| Oct 30, 2024 | ₹80,633 (+₹670.00) | ₹73,933 (+₹620.00) |
| Oct 29, 2024 | ₹79,963 (-₹490.00) | ₹73,313 (-₹450.00) |
| Oct 28, 2024 | ₹80,453 (-₹10.00) | ₹73,763 (-₹10.00) |
| Oct 27, 2024 | ₹80,463 (+₹700.00) | ₹73,773 (+₹640.00) |
| Oct 26, 2024 | ₹79,763 (+₹130.00) | ₹73,133 (+₹120.00) |
| Oct 25, 2024 | ₹79,633 (-₹620.00) | ₹73,013 (-₹570.00) |
As seen, gold prices saw a sharp decline on 7 November, following a steady increase earlier in the week.
Factors Influencing Gold Rates Today
Gold prices today are determined by several factors:
- Global Gold Prices: The international market, especially in countries like the U.S. and China, influences the price trends in India.
- Currency Fluctuations: The exchange rate between the Indian Rupee and the U.S. Dollar plays a significant role in determining gold prices.
- Inflation and Economic Conditions: Economic instability often drives investors toward gold as a safe-haven asset, causing prices to rise.
- Government Policies and Taxes: Any changes in gold import duties or GST rates also affect the price.
- Local Market Demand: In cities with high demand for gold, such as Mumbai and Delhi, prices can be a bit higher due to transport costs and premium charges.
Conclusion
The gold rate today in India has seen a slight rise, with 24 Carat gold priced at ₹79,643 per 10 grams and 22 Carat gold at ₹73,023 per 10 grams. If you are planning to buy or invest in gold, this is the perfect time to stay informed about the latest trends and fluctuations.
Be sure to check the gold rate today before making any buying decisions, as prices can change throughout the day based on the local market and global trends.