Ten kilos of gold cost varying amounts in different Indian cities on November 28, 2023, but on average it cost around Rs 62,000. More precisely, 10 grams of 24 carat gold was worth around Rs 62,560, whilst the same amount of 22 carat gold was worth Rs 57,350. Silver was now priced at Rs 78,500 per kilogram.
Indian gold rate as of right now: November 28 retail gold price
Delhi Gold Rate
Ten grams of 22-carat gold costs Rs 57,500 in Delhi, whereas the same quantity of 24-carat gold costs Rs 62,710.
Mumbai Gold Rate
Ten grams of 22-carat gold now cost Rs 57,350 in Mumbai, whereas the same weight of 24-carat gold costs Rs 62,560.
Chennai Gold Rate
Ten kilos of 22-carat gold costs Rs 57,800 in Chennai, whereas the same quantity of 24-carat gold costs Rs 63,050.
Check gold rates today in different cities on November 28, 2023; (In Rs/10 grams)
|22 CARAT GOLD PRICE
|24 CARAT GOLD PRICE
Exchange of Multiple Commodities
Gold futures with an expiration date of December 5, 2023 were trading on the Multi Commodity Exchange on November 28 at Rs 61,655. Silver futures with the same maturity date were priced at Rs 74,660 at the same moment.
The quantity of gold sold to consumers nationwide is known as the retail price. The value of the Rupee, the cost of labor and materials required to make gold jewelry, and the price of gold globally all have an impact on this pricing.
Due to its historical significance in Indian culture, financial potential, and marriage and festival customs, gold is highly valued.
The following are a few variables that might affect the price of gold:
Supply and Demand: The price of gold is mostly determined by the quantity available and the level of demand for it. Gold often rises in price as demand grows. Nevertheless, the price may drop if there is an excess of gold on the market.
Global Economic Conditions: Gold prices are significantly influenced by the state of the world economy as a whole. Gold’s price rises because investors often pick it as a secure investment during recessions or weak global economies.
Political instability: The price of gold may be impacted by political unrest. A crisis or unpredictability in a major nation or area may lead investors to decide to hedge their money with gold investments. The increasing demand for gold may result in a rise in price.