Silver was trading at Rs 89,400 per kilogram, reflecting its steady demand in the precious metals market.
Check Gold and Silver Prices in India Today: Check Gold and Silver Prices in India Today: The gold price in India on November 16, 2024, stood at approximately Rs 79,000 per 10 grams for 24-carat gold, which is renowned for its unmatched purity. Meanwhile, 22-carat gold, often preferred for jewelry due to its durability from alloy composition, was priced at Rs 69,460 per 10 grams.
Silver Rate Today
Silver was trading at Rs 89,400 per kilogram, reflecting its steady demand in the precious metals market.
Gold Prices Across Indian Cities
Here’s a snapshot of retail gold prices in various cities on November 16, 2024. These rates are typically influenced by local taxes and market conditions:
What Determines Gold Prices in India?
The price of gold is highly dynamic, influenced by global and domestic factoRs . Some of the key determinants include:
- Economic Conditions: Inflation, interest rates, and currency exchange rates.
- Geopolitical Events: Political instability or conflicts can impact gold prices.
- Market Dynamics: Demand and supply shifts during festive seasons or wedding periods.
- Taxes and Duties: Import duties and GST play a significant role in retail pricing.
