Today’s Gold Price: Wedding Season Sparks Increase Prior to prices skyrocketing, check rates and grab the yellow metal!

Today’s Gold Price:Today is the ideal time to go shopping because it’s wedding season and there are many opportunities to get gold. Did you know that the price of a precious metal is not significantly impacted by demand? But occasionally, when demand is high nationwide, the price changes in response to that need. To find out what influences the price of gold, read through to the conclusion.
You can purchase gold right now if you want to save money and make it an inexpensive asset. Silver and yellow metal prices will fluctuate during the wedding season. Buyers are delighted by the decline in gold prices during the wedding season. Today, you can buy 10 grams of gold for just Rs 70,660! It’s a great time to buy gold at an affordable price NOW! Keep in mind, the prices of gold and silver can fluctuate at any moment.
According to the Good Returns website, the price of 22 carat gold has increased to Rs 70,660 per 10 grammes (gm) in India today. While, the 24-carat gold rate was quoted at Rs 77,080 per 10 gm.On Sunday, November 10, 2024, the price of the yellow metal with 18 carat purity was Rs 57,820 per 10 gm. In contrast, the price of silver has dropped today and is currently trading at Rs 91,600 per kilogram.Day 5 Box Office Collection for Kanguva: Suriya Beats His Last Hit’s Lifetime Earnings, Needs 11.25 Crore to Get Another Feat!
Today’s MCX Gold and Silver Prices
At the time this story was written, gold contracts for December delivery on the Multi Commodity Exchange were trading at 0.00% at Rs 75,585 per 10 gm. While silver contracts for December delivery traded in green at +0.01% at Rs 90,630 per 1 kg in the early morning trade on Wednesday.
Gold, Silver Price Today
City | Gold Price (22 carat in Rs/gm) | Silver Price (Rs/kg) |
Delhi | 7,081 | 91,600 |
Noida | 7,081 | 91,600 |
Lucknow | 7,081 | 91,600 |
Mumbai | 7,066 | 91,600 |
Bengaluru | 7,066 | 91,600 |
Chennai | 7,066 | 1,01,100 |
Pune | 7,066 | 91,600 |
Ahmadabad | 7,071 | 91,600 |
Kolkata | 7,066 | 91,600 |
Hyderabad | 7,066 | 1,01,100 |
Do You Know How Are Gold Prices In India Determined?
Let me explain. The gold prices in India are influenced by trading in larger stock markets like the London Over-the-Counter (OTC) spot market and the COMEX gold futures market. If you thought that prices fluctuate due to the demand and supply of physical gold, the answer is ‘NO’!
Indian markets like the Shanghai Gold Exchange (SGE) and Multi Commodity Exchange (MCX) follow the prices set by the London and New York markets. Additionally, other factors like global events, political issues, central bank decisions, and currency changes can also affect the price of gold.
How to Determine Gold’s Purity
Seek out a distinguishing feature:The best method is to search for the trademark that is provided.
The back of 22 carat gold, commonly referred to as 916 gold, will bear a hallmark stamp.
See if the BIS Standard Mark is present.To verify the purity of the gold, search for a triangle with the letters “BIS” underneath any jewelry.
Conduct an acid test:Under supervision, it is possible to verify the gold’s purity using nitric acid.
Color Test:Untarnished and color-retaining, gold is a yellow metal that never goes away. Your gold jewelry could not be pure if it exhibits color variations or fading.