Gold Rate Today: Slight Decline in Prices There has been a minor downturn in the price of gold today, affecting both 22 and 24-carat gold rates in the jewelry market. In Delhi NCR, the 24-carat gold rate for 10 grams is currently at Rs 61,790. Meanwhile, in Chennai, the 24-carat gold rate is trading above Rs 62,000, with the silver rate standing at Rs 76,000.
Gold Price today on 2023
Gold Rate in Delhi
- 22 Carat Gold: Rs 55,650 per 10 grams
- 24 Carat Gold: Rs 61,790 per 10 grams
Gold Rate Today in Ahmedabad
In Ahmedabad, Gujarat, the retail price of 22-carat gold is Rs 56,550, and the price of 24-carat gold is Rs 61,690 per 10 grams.
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Gold Rate Today in Chennai
In Chennai, the capital of Tamil Nadu, the 22-carat gold rate is Rs 57,050 per 10 grams, while the retail price of 24-carat gold is Rs 62,230 per 10 grams.
Gold Rate Today in Major Cities
| City | 22 Carat Gold Rate | 24-Carat Gold Rate |
|---|---|---|
| Mumbai | Rs 56,500 | Rs 61,640 |
| Gurugram | Rs 56,650 | Rs 61,790 |
| Kolkata | Rs 56,500 | Rs 61,640 |
| Lucknow | Rs 56,650 | Rs 61,790 |
| Bangalore | Rs 56,500 | Rs 61,640 |
| Jaipur | Rs 56,650 | Rs 61,790 |
| Patna | Rs 56,550 | Rs 61,690 |
| Bhubaneswar | Rs 56,500 | Rs 61,640 |
| Hyderabad | Rs 56,500 | Rs 61,640 |
Determinants of Gold Prices
The price of gold is influenced by various factors, primarily driven by demand and supply dynamics. Increased demand tends to raise prices, while a surplus in supply may lead to price decreases. Global economic conditions also play a significant role; during economic uncertainty, investors often turn to gold as a safe investment, causing an uptick in gold prices.
