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Gold Rate Today, November 24: Gold prices saw a fall on Monday, as the US dollar firmed near six-month highs and weighed on the yellow metal, while market participants await more clarity on the US interest rate trajectory. In Mumbai, the price of 24-carat gold stood at Rs 1,25,130 per 10 grams, while 22k gold was available at Rs 1,14,700 per 10 grams. These rates do not include GST and making charges. Silver was available at Rs 1,63,000 per kg in the spot market.
On the MCX, gold decline by 1.09% to trade at Rs 1,22,834 per 10 grams for the December 5 contracts, whereas silver was trading lower by 0.66% to trade at Rs 1,53,138 per kg in the futures market.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On November
24?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,14,850 | Rs 1,25,280 |
| Jaipur | Rs 1,14,850 | Rs 1,25,280 |
| Ahmedabad | Rs 1,14,750 | Rs 1,25,180 |
| Pune | Rs 1,14,700 | Rs 1,25,130 |
| Mumbai | Rs 1,14,700 | Rs 1,25,130 |
| Hyderabad | Rs 1,14,700 | Rs 1,25,130 |
| Chennai | Rs 1,14,700 | Rs 1,25,130 |
| Bengaluru | Rs 1,14,700 | Rs 1,25,130 |
| Kolkata | Rs 1,14,700 | Rs 1,25,130 |
Ponmudi R, CEO of Enrich Money, said, “Gold opened the day in a steady range across both COMEX and MCX after a healthy pullback from its parabolic highs. On COMEX, the metal is consolidating above the rising support cluster at $4,000–$4,050, preserving its medium-term bullish bias with upside reference levels at $4,080 and $4,100. MCX Gold remains well-supported above Rs 1,20,000–Rs 1,20,800, keeping the near-term bias constructive toward Rs 1,23,500-Rs 1,26,000.”
Silver continues to outperform on momentum, holding firm above $48.50–$49.50 on COMEX, with the next upside levels seen at $50.60–$52.00. On MCX, silver is rebounding from the Rs 1,49,000–Rs 1,50,000 trendline support, maintaining a bullish near-term structure with potential toward Rs 1,53,700–Rs 1,56,500, he added.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
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