Gold Rate in India Today: Gold prices rise ahead of Karwa Chauth (Karwa Chauth 2023). In cities like Chennai and Delhi, the price of 24 carat gold has reached close to Rs 63,000. 10 grams of gold touched Rs 62,960 in Chennai and Rs 62,960 in Delhi. If you are planning to buy gold jewelery for your wife this Karva Chauth, then you will have to spend more this time. Let’s find out how the price of gold was today in the major cities of the country.
Gold prices rise ahead of Karva Chauth
Today, the first day of the week, Monday, the price of gold increased. Karba Chauth on Wednesday 1st November. Compared to last week’s Friday, gold prices increased by Rs 800 to Rs 1200. The demand for gold rises during the festival. In many cities of the country, the price of gold is trading close to 6 thousand rupees. Here’s how gold prices have changed today on 30 October 2023.
Gold price on 30 October 2023
Gold rate in Delhi
22 carat gold price in Delhi was Rs 57,710 per 10 grams. For 24 carat, customers will pay Rs 62,960 per 10 grams. City prices are taken from jewellers.
Gold rate in Ahmedabad
Talking about other cities in the country, 22 carat gold retails at Rs 57,460 and 24 carat gold at Rs 62,680 per 10 grams in Ahmedabad, Gujarat.
Gold rate in Chennai
22 carat gold was Rs 57,710 per 10 grams in Chennai. The retail price of 24 carat gold in Tamil Nadu’s capital Chennai is Rs 62,960 per 10 grams.
This was the gold rate in major cities of the country on 30 October 2023
|the city||22 carat gold rate||24 carat gold rate|
This is how the price of gold is determined
The price of gold is mainly determined based on the demand and supply of gold in the market. If the demand for gold increases, the rate will also increase. If the supply of gold increases, the price will decrease. Gold prices are also affected by global economic conditions. For example, if the international economy is performing poorly, investors will look to gold as a safe investment option. This will increase the price of gold.