Gold Rate Today, November 10: Prices of gold and silver rose in India on Monday, after weak US consumer sentiment figures and uncertainty over when the US government shutdown will end. In Mumbai, the price
of 24-carat gold stood at Rs 1,23,220 per 10 grams, while 22k gold was available at Rs 1,12,950 per 10 grams. These rates do not include GST and making charges. Silver was available at Rs 1,55,000 per kg.
On the MCX, gold was up by 1.14% to trade at Rs 1,22,443 per 10 grams for the December 5 contracts in the futures market, while silver was trading higher by 1.99% to trade at Rs 1,50,675 per kg.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On November 10?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,13,100 | Rs 1,23,370 |
| Jaipur | Rs 1,13,100 | Rs 1,23,370 |
| Ahmedabad | Rs 1,13,000 | Rs 1,23,270 |
| Pune | Rs 1,12,950 | Rs 1,23,220 |
| Mumbai | Rs 1,12,950 | Rs 1,23,220 |
| Hyderabad | Rs 1,12,950 | Rs 1,23,220 |
| Chennai | Rs 1,12,950 | Rs 1,23,220 |
| Bengaluru | Rs 1,12,950 | Rs 1,23,220 |
| Kolkata | Rs 1,12,950 | Rs 1,23,220 |
Rahul Kalantri, vice-president (commodities) of Mehta Equities, said, “Prices were highly volatile throughout the week but managed to recover from lower levels after weak US consumer sentiment figures and uncertainty over when the US government shutdown will end. The shutdown has entered a record duration, increasing concerns about the broader US economic outlook, prompting renewed safe-haven demand. The dollar index softened as well, lending additional support to bullion prices.”
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.
(With inputs from agencies)
