Gold Rates Today: Stay Updated on the Latest Prices Across India (7 Nov, 2024)
Gold has always been one of the most sought-after commodities, with its value fluctuating regularly based on several market factors. Whether you’re looking to invest in gold or simply keep track of its prices for personal reasons, staying updated on the gold rates today is essential.
In this post, we’ll give you the latest 22-carat and 24-carat gold rates across India, along with a breakdown of prices in major metro cities. Let’s dive into the details of today’s gold prices.
Today Gold Rate in India – November 7, 2024
- 24 Carat Gold (10 grams): ₹78,733
(Price change: +₹1,790.00) - 22 Carat Gold (10 grams): ₹72,173
(Price change: +₹1,650.00)
As we can see, gold has experienced an increase in price today, with 24-carat gold rising by ₹1,790 and 22-carat gold up by ₹1,650.
Gold Rates Today in India (Updated on 07 Nov, 2024)
| Type of Gold | Price per 10 grams (INR) | Change (INR) |
|---|---|---|
| 24 Carat Gold | ₹78,733 | -1,790.00 |
| 22 Carat Gold | ₹72,173 | -1,650.00 |
Gold Price in Major Metro Cities (7 Nov, 2024)
Gold prices vary slightly across different cities due to factors like local demand, taxes, and shipping costs. Here’s how the gold rates look in the key cities today:
| City | 24 Carat (Per 10g) | 22 Carat (Per 10g) |
|---|---|---|
| Bangalore | ₹78,575 | ₹72,015 |
| Chennai | ₹78,581 | ₹72,021 |
| Delhi | ₹78,733 | ₹72,173 |
| Kolkata | ₹78,585 | ₹72,025 |
| Mumbai | ₹78,587 | ₹72,027 |
| Pune | ₹78,593 | ₹72,033 |
As you can see, Delhi is currently offering the highest price for 24-carat gold at ₹78,733 per 10 grams.
Gold Rates in Various Cities in India (07 Nov, 2024)
| City Name | 22 Carat Price (INR) | 24 Carat Price (INR) |
|---|---|---|
| Ahmedabad | ₹72,081 | ₹78,641 |
| Amritsar | ₹72,200 | ₹78,760 |
| Bangalore | ₹72,015 | ₹78,575 |
| Bhopal | ₹72,084 | ₹78,644 |
| Bhubaneswar | ₹72,020 | ₹78,580 |
| Chandigarh | ₹72,182 | ₹78,742 |
| Chennai | ₹72,021 | ₹78,581 |
| Coimbatore | ₹72,040 | ₹78,600 |
| Delhi | ₹72,173 | ₹78,733 |
| Faridabad | ₹72,205 | ₹78,765 |
| Gurgaon | ₹72,198 | ₹78,758 |
| Hyderabad | ₹72,029 | ₹78,589 |
| Jaipur | ₹72,166 | ₹78,726 |
| Kanpur | ₹72,193 | ₹78,753 |
| Kerala | ₹72,045 | ₹78,605 |
| Kochi | ₹72,046 | ₹78,606 |
| Kolkata | ₹72,025 | ₹78,585 |
| Lucknow | ₹72,189 | ₹78,749 |
| Madurai | ₹72,017 | ₹78,577 |
| Mangalore | ₹72,028 | ₹78,588 |
| Meerut | ₹72,199 | ₹78,759 |
| Mumbai | ₹72,027 | ₹78,587 |
| Mysore | ₹72,014 | ₹78,574 |
| Nagpur | ₹72,041 | ₹78,601 |
| Nashik | ₹72,077 | ₹78,637 |
| Patna | ₹72,069 | ₹78,629 |
| Pune | ₹72,033 | ₹78,593 |
| Surat | ₹72,088 | ₹78,648 |
| Vadodara | ₹72,094 | ₹78,654 |
| Vijayawada | ₹72,035 | ₹78,595 |
| Visakhapatnam | ₹72,037 | ₹78,597 |
Gold Price Trends in India – Last 15 Days
To help you make better-informed decisions, it’s important to understand the recent trends in the gold market. Here’s a summary of the gold prices over the last 15 days:
| Date | 22 Carat Price (INR) | 24 Carat Price (INR) |
|---|---|---|
| Nov 06, 2024 | ₹73,823 | ₹80,523 |
| Nov 05, 2024 | ₹73,723 | ₹80,413 |
| Nov 04, 2024 | ₹73,823 | ₹80,573 |
| Nov 03, 2024 | ₹73,823 | ₹80,573 |
| Nov 02, 2024 | ₹74,013 | ₹80,723 |
| Nov 01, 2024 | ₹74,733 | ₹81,513 |
| Oct 31, 2024 | ₹74,583 | ₹81,343 |
| Oct 30, 2024 | ₹73,933 | ₹80,633 |
| Oct 29, 2024 | ₹73,313 | ₹79,963 |
| Oct 28, 2024 | ₹73,763 | ₹80,453 |
| Oct 27, 2024 | ₹73,773 | ₹80,463 |
| Oct 26, 2024 | ₹73,133 | ₹79,763 |
| Oct 25, 2024 | ₹73,013 | ₹79,633 |
| Oct 24, 2024 | ₹73,583 | ₹80,253 |
While gold has been experiencing minor fluctuations, it’s evident that the prices are generally on the rise over the past few days.
Factors Affecting Gold Prices Today
Several factors influence the price of gold on any given day:
- International Market Trends: Gold is a globally traded commodity, so international market trends play a significant role in determining local prices.
- Inflation & Currency Strength: As inflation rises or the value of the Indian Rupee falls, gold prices often rise as a hedge against inflation.
- Demand & Supply: Festivals, wedding seasons, and industrial demand can cause gold prices to fluctuate based on demand.
- Geopolitical Events: Uncertainty caused by political and economic events worldwide can lead to spikes in gold prices, as investors often seek the safe haven of gold.
Why Should You Keep Track of Today’s Gold Rates?
- Investment Opportunities: If you’re planning to invest in gold, knowing the current rate allows you to make informed decisions. Gold tends to perform well during economic downturns, making it a good investment for long-term wealth preservation.
- Buying Gold: For those purchasing gold jewelry or coins, being aware of current prices ensures you get the best deals.
- Selling Gold: If you’re looking to sell gold, understanding the market rates can help you get a fair price when exchanging your precious metals.
How to Use This Information for Your Gold Investment Strategy
Understanding the daily fluctuations in gold rates helps you optimize your buying and selling decisions. For example:
- Buying During Price Dips: When prices dip, it could be an ideal time to buy gold, especially if you’re looking at it as a long-term investment.
- Selling During Price Rises: When prices spike, it might be the best time to sell if you’re looking to make a profit.
Conclusion
Gold has always been a valuable asset, and knowing the today’s gold rate helps you make smarter financial choices. Keep an eye on the price trends, understand the factors driving gold rates, and align your buying or selling decisions accordingly.
Whether you’re a seasoned investor or someone looking to buy gold jewelry, staying informed about the latest rates is crucial. Visit us regularly for updated gold prices and trends to ensure you’re always in the know.
FAQs on Today’s Gold Rate
1. Why do gold rates change every day?
Gold prices fluctuate daily due to global market trends, economic factors, and supply-demand dynamics.
2. How is 22-carat gold different from 24-carat gold?
24-carat gold is pure gold, whereas 22-carat gold contains 91.67% gold mixed with other metals like copper, which makes it less expensive but more durable for jewelry.
3. How can I find the best gold rate in my city?
Our website offers real-time updates on gold rates across various cities in India, ensuring you stay informed wherever you are.
Stay updated with today’s gold rate and make the best decisions for your gold investments. Don’t forget to check back regularly to keep track of any changes!