weather_iconAshburn | 12.73 °C | AQI 63
Wednesday, 11 December, 2024

---Advertisement---

Business

Gold Price Today: Buy Now Or Regret Later! Yellow Metal Fluctuates Amid Wedding Season; Check Rates Here

Gold rate today in India (22 carat) have taken a step-up to Rs 70,110 per 10 gram (gm), according to Good Returns website. While, the 24-carat gold rate was quoted at Rs 76,320 per 10 gm.

Gold And Silver Prices Today
Gold And Silver Prices Today

Gold Price Today: The time is rushing. If you want to save your pocket and buy gold as an affordable asset, you can buy it now. The wedding season will bring fluctuations in the prices of yellow metal and silver. Amid the wedding season, the fall in gold prices is a joy for buyers. Today, you can buy 10 grams of gold for just Rs 70,110! It’s a great time to buy gold at an affordable price NOW! Keep in mind, the prices of gold and silver can fluctuate at any moment.

Gold rate today in India (22 carat) have taken a step-up to Rs 70,110 per 10 gram (gm), according to Good Returns website. While, the 24-carat gold rate was quoted at Rs 76,320 per 10 gm.

---Advertisement---

As far as the yellow metal of 18-carat purity is concerned, its prices traded at Rs 57,240 per 10 gm on Sunday, November 10, 2024.  While, silver rates today have fallen down and are trading at Rs 89,400 per kg.

MCX Gold, Silver Price Today

In futures trade, gold contracts for December delivery traded at -0.05% at Rs 75,012 per 10 gm on the Multi Commodity Exchange at the time of writing this article. While silver contracts for December delivery traded in red at -0.04% at Rs 90,476 per 1 kg in the early morning trade on Friday.

---Advertisement---

Gold, Silver Price Today

City

Gold Price (22 carat in Rs/gm)Silver Price (Rs/kg)
Delhi7,01189,400
Noida7,01189,400
Lucknow7,01189,400
Mumbai6,99689,400
Bengaluru6,99689,400
Chennai6,99698,900
Pune6,99689,400
Ahmadabad7,00189,400
Kolkata6,99689,400
Hyderabad6,99698,900
Source: Good Returns (7:30AM)

Do You Know How Are Gold Prices In India Determined?

Let me explain. The gold prices in India are influenced by trading in larger stock markets like the London Over-the-Counter (OTC) spot market and the COMEX gold futures market. If you thought that prices fluctuate due to the demand and supply of physical gold, the answer is ‘NO’!

Indian markets like the Shanghai Gold Exchange (SGE) and Multi Commodity Exchange (MCX) follow the prices set by the London and New York markets. Additionally, other factors like global events, political issues, central bank decisions, and currency changes can also affect the price of gold.

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.

(ALSO READ: Before The Year Ends Maximize Your Business Spending: 3 Small Business Credit Cards With Rewards in 2024)

(Disclaimer: This article is for informational purposes only and should not be construed as an investment advice. Prior to making an investment, conduct thorough research and consult with your financial advisor.)

HISTORY

Written By

Aishwarya Samant

Updated By

Aishwarya Samant


Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 on Facebook, Twitter.

Related Story

Live News

---Advertisement---


live

Latest LIVE News Trending Today, Real Time Updates: Kejriwal Announces ‘No Possibility Of Any Alliance With Congress’

Dec 11, 2024
Latest LIVE News Trending Today, Real Time Updates
  • 11:35 (IST) 11 Dec 2024

    Rahul Gandhi Presents Rose & Tiranga To Rajnath Singh

  • 09:57 (IST) 11 Dec 2024

    Kejriwal Announces 'No Possibility Of Any Alliance With Congress'

  • 09:03 (IST) 11 Dec 2024

    Cuddalore, Tamil Nadu: Heavy Rain Lashes Several Parts Of The City

N24 Shorts Logo

SHORTS

Sports

IPL 2025: KKR’s Most Expensive Acquisition Venkatesh Iyer Shines Bright With Ball In SMAT 2024!

Known primarily for his batting in recent years, Iyer reminded everyone of his value as a handy right-arm medium pacer with a brilliant spell of bowling.

View All Shorts

---Advertisement---

Trending