Gold Price Today: After the Fed meeting, the yellow metal took a dip today due to profit booking. US Fed cut rates by 25 bps on expected lines. This Impacted the Gold Rates today in India. Gold rate today in India (22 carat) fell to Rs 71,990 per 10 gram (gm), according to Good Returns website. While, 24 carat gold rate was quoted at Rs 78,550 per 10 gm.
As far as yellow metal of 18 carat purity is concerned, its prices traded at Rs 58,900 per 10 gm on Friday, November 08, 2024. While, silver rates today also fell to Rs 92,900 per kg.
MCX Gold, Silver Price Today
In futures trade, gold contracts for December delivery traded 0.2%% higher at Rs 77,430 per 10 gm on the Multi Commodity Exchange at the time of writing this article. While, silver contracts for December delivery traded in red -0.10% at Rs 92217 per 1 kg in the early morning trade on Friday.
Gold, Silver Price Today
| City | Gold Price (22 carat in Rs/gm) | Silver Price (Rs/kg) |
| Delhi | 7,214 | 92,900 |
| Mumbai | 7,199 | 92,900 |
| Bengaluru | 7,199 | 92,900 |
| Chennai | 7,199 | 1,01,900 |
| Pune | 7,199 | 92,900 |
| Ahmadabad | 7,204 | 92,900 |
| Kolkata | 7,199 | 92,900 |
| Hyderabad | 7,199 | 1,01,900 |
How To Check the Purity Of Gold
Here are a few tips to check the purity of the gold, if you are buying it this season.
- Look for a hallmark: The best way is to look for the hallmark provided on it. 22 karat gold, also known as 916 gold, will have a hallmark stamp on the back of 916.
- Check for the BIS Standard Mark: On all the jewelry, you can look for a triangle with the letters “BIS” to underneath to ensure the purity of the gold.
- Perform an acid test: Can be performed under guidance, where you can test the gold with nitric acid to check its purity
Colour Test: The yellow metal, Gold stays yellow always, it remains untarnished and retains its color. If your gold jewelry shows signs of fading or changes in color, it may not be pure.
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