Today Gold Rate: Latest Updates for 18th November 2024
Gold has always been a valuable commodity and a preferred investment choice, especially in countries like India where it holds cultural and economic significance. Whether you are planning to buy gold for personal use or as an investment, knowing the current gold rates is crucial. In this blog post, we’ll take a closer look at today’s gold rates across various cities in India and provide insights into factors influencing the prices.
As of 18th November 2024, the price of gold in India is experiencing slight fluctuations. Gold prices can vary depending on various factors such as global economic conditions, currency exchange rates, and local demand and supply. For example, if the rupee weakens against the US dollar, the price of gold tends to rise.
Let’s dive into the gold rates for today and see how much you will pay for 22K and 24K gold in different cities.
Gold Rates Today in India (Updated on 18th November 2024)
| Gold Type | Price (10 grams) |
|---|---|
| 24 Carat Gold | ₹75,813 |
| 22 Carat Gold | ₹69,513 |
Gold Price in Metro Cities (18th November 2024)
| City | 24 Carat Gold Price (10 grams) | 22 Carat Gold Price (10 grams) |
|---|---|---|
| Bangalore | ₹75,655 | ₹69,355 |
| Chennai | ₹75,661 | ₹69,361 |
| Delhi | ₹75,813 | ₹69,513 |
| Kolkata | ₹75,665 | ₹69,365 |
| Mumbai | ₹75,667 | ₹69,367 |
| Pune | ₹75,673 | ₹69,373 |
Gold Rate in Different Cities Across India
| City | 22 Carat Gold Price (10 grams) | 24 Carat Gold Price (10 grams) |
|---|---|---|
| Ahmedabad | ₹69,421 | ₹75,721 |
| Amritsar | ₹69,540 | ₹75,840 |
| Bhopal | ₹69,424 | ₹75,724 |
| Bhubaneswar | ₹69,360 | ₹75,660 |
| Chandigarh | ₹69,522 | ₹75,822 |
| Coimbatore | ₹69,380 | ₹75,680 |
| Faridabad | ₹69,545 | ₹75,845 |
| Gurgaon | ₹69,538 | ₹75,838 |
| Hyderabad | ₹69,369 | ₹75,669 |
| Jaipur | ₹69,506 | ₹75,806 |
| Kanpur | ₹69,533 | ₹75,833 |
| Kochi | ₹69,386 | ₹75,686 |
| Kerala | ₹69,385 | ₹75,685 |
| Lucknow | ₹69,529 | ₹75,829 |
| Madurai | ₹69,357 | ₹75,657 |
| Mangalore | ₹69,368 | ₹75,668 |
| Meerut | ₹69,539 | ₹75,839 |
| Mysore | ₹69,354 | ₹75,654 |
| Nagpur | ₹69,381 | ₹75,681 |
| Patna | ₹69,409 | ₹75,709 |
| Surat | ₹69,428 | ₹75,728 |
| Vadodara | ₹69,434 | ₹75,734 |
| Vijayawada | ₹69,375 | ₹75,675 |
| Visakhapatnam | ₹69,377 | ₹75,677 |
Factors Affecting Gold Rates in India
Gold prices in India are influenced by a variety of factors, some of the most important ones include:
- Global Economic Conditions: The price of gold is closely linked to global economic factors, including inflation rates, economic crises, and geopolitical tensions.
- Currency Fluctuations: The strength or weakness of the Indian Rupee (INR) against the US Dollar can significantly impact gold prices. A weaker rupee generally leads to higher gold prices in India.
- Demand and Supply: The demand for gold, especially during wedding seasons and festivals like Diwali, can lead to price increases. Additionally, supply disruptions can drive prices up.
- Government Policies: Import duties on gold and taxation policies also have an impact on the final retail price of gold in India.
- Interest Rates: The decision of the Reserve Bank of India (RBI) to raise or lower interest rates can also influence gold prices. Lower interest rates often encourage people to buy gold as an investment.
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Why Invest in Gold?
Gold is considered a safe investment, especially in uncertain economic times. Here are a few reasons why people continue to invest in gold:
- Hedge Against Inflation: Gold tends to maintain its value during periods of inflation or economic downturns, making it a stable investment.
- Diversification: Including gold in your investment portfolio can help diversify risk and balance other high-risk investments.
- Tangible Asset: Unlike stocks and bonds, gold is a physical asset, which means it is not subject to the same market fluctuations.
- Cultural Significance: In India, gold also holds immense cultural value and is often passed down through generations as part of family traditions.
Conclusion
The today’s gold rate gives you valuable insight into the current market trends and helps you make informed decisions regarding your gold investments. Whether you are buying for personal use, as an investment, or looking to diversify your portfolio, knowing the latest gold prices is essential. Keep an eye on market movements and fluctuations to make the best choice for your financial goals.
Remember, gold is more than just a metal; it’s a secure investment that withstands the test of time and economic uncertainty.
To stay updated on today’s gold rate, check reliable sources regularly for the latest trends and changes in prices.