Gold price in India today: Wedding season is about to start across the country and gold prices have once again registered a rise. If you are going to the market to buy gold and silver jewelery (latest rates of gold and silver), then definitely read this news.
The price of gold continues to rise. The wedding season is going to start soon across the country. In the jewelery market, 22 and 24 carat gold rates have increased by Rs 500 to Rs 650. In Delhi NCR, the rate of 24 carat 10 gram gold is trading at Rs 61,840. Today 24 carat gold rate in Chennai is trading above Rs 62,000. The rate of silver is at Rs 76,500.
Gold price on 17 November 2023
Gold rate in delhi
The price of 22 carat gold in Delhi was Rs 55,700 per 10 grams. For 24 carat, customers will have to pay Rs 61,840 per 10 grams.
Gold rate in Ahmedabad
Talking about other cities of the country, the retail price of 22 carat gold in Ahmedabad, Gujarat is Rs 56,600 and the price of 24 carat gold is Rs 61,740 per 10 grams.
Gold rate in Chennai
In Chennai, 22 carat gold was Rs 56,700 per 10 grams. The retail price of 24 carat gold in Chennai, the capital of Tamil Nadu, is Rs 62,180 per 10 grams.
This is how gold prices are decided
The price of gold is largely decided on the basis of demand and supply of gold in the market. If the demand for gold increases, the rate will also increase. If the supply of gold increases, the price will decrease. The price of gold is also affected by global economic conditions. For example, if the international economy is performing poorly, investors will look to gold as a safe investment option. This will increase the price of gold.