Discover the latest gold rates across Indian cities on November 28, 2023, shaping your investment decisions.
Average Gold Prices
On this date, the average cost of 10 grams of gold in India was around Rs 62,000. Specifically, 10 grams of 24-carat gold were priced at approximately Rs 62,560, while the same amount of 22-carat gold stood at Rs 57,350. The current silver price was Rs 78,500 per kilogram.
City-wise Breakdown
- Delhi: 22-carat gold cost Rs 57,500 for 10 grams, while 24-carat gold was priced at Rs 62,710.
- Ahmedabad: 10 grams of 22-carat gold came in at Rs 57,400, and 24-carat gold at Rs 62,610.
- Chennai: 10 grams of 22-carat gold were Rs 57,800, and 24-carat gold at Rs 63,050.
Explore gold rates in different cities on November 28, 2023 (In Rs/10 grams):
| City | 22 Carat Gold Price | 24 Carat Gold Price |
|---|---|---|
| Mumbai | 57,350 | 62,560 |
| Gurugram | 57,500 | 62,710 |
| Kolkata | 57,350 | 62,560 |
| Lucknow | 57,500 | 62,710 |
| Bengaluru | 57,350 | 62,560 |
| Jaipur | 57,500 | 62,710 |
| Patna | 57,400 | 62,610 |
| Bhubaneshwar | 57,350 | 62,560 |
| Hyderabad | 57,350 | 62,560 |
Multi Commodity Exchange (MCX) Rates
As of November 28, gold futures expiring on December 05, 2023, traded at Rs 61,655 on MCX, while silver futures with the same maturity date were priced at Rs 74,660.
Factors Influencing Gold Prices
- Supply and Demand: The gold price depends on demand and availability. Increased demand usually drives up the price.
- Global Economic Conditions: Gold prices are influenced by the overall global economy. During economic downturns, investors often turn to gold as a safe haven, causing its price to rise.
- Political Instability: Uncertainty or crises in important countries or regions can drive investors to gold as a safe investment, increasing its demand and price.
Stay informed about the dynamic gold market with these key insights.