Gold Rate In India Today: What Are The Factors Affecting Prices Of Yellow Metal?

As of November 19, 2024, gold prices in India remained stey, with 24-karat gold averaging ₹75,478 per 10 grams on Multi Commodity Exchange (MCX). In metropolitan cities like Delhi and Mumbai, rates hovered around ₹76,790 and ₹76,890, respectively. Meanwhile, Kolkata recorded highest price at ₹77,330 per 10 grams for 24-karat gold.

Gold prices in Hyderab are ₹69,989 for 22-carat gold and ₹76,349 for 24-carat gold per 10 grams. In Pune, prices are slightly higher, with 22-carat gold priced at ₹70,133 and 24-carat gold at ₹76,493 per 10 grams. However, se rates can fluctuate based on several factors like local taxes, making charges, and market conditions.

Gold's resilience is attributed to increased global demand driven by economic uncertainties and geopolitical tensions. Analysts emphasise that gold continues to act as a safe haven for investors amid fluctuating currency values and inflation concerns. With festive season going on and rise in demand in India, prices are likely to remain robust, stated a commodity expert.

Gold prices today: What are factors affecting yellow metal?

recent volatility in global financial markets has furr reinforced gold’s status as a dependable asset. Indian consumers, particularly in states like Kerala and Gujarat, are leveraging local markets to invest in gold, buoyed by tritions and stable returns.

outlook for yellow metal suggests potential upward movement as wedding season demand peaks in India, ding anor layer of optimism for trers and consumers alike.

In dition to actual gold, buyers may choose to purchase gold as a commodity, which is tred on a number of commodity exchanges, including Multi Commodity Exchange (MCX), National Spot Exchange (NSEL), and National Commodity and Derivatives Exchange (NCDEX).

Why gold prices differ:

Gold prices in Delhi are often different from or cities in India due to factors like octroi charges, state taxes, and transportation costs. If you're planning to invest in gold in Delhi, it's important to check latest gold rates. Delhi is one of top gold-consuming cities in country. Keep in mind that in dition to current gold price, making charges for jewelry can increase overall cost of gold.