Gold and Silver prices on November 16, 2023

According to the latest gold and silver prices, on Thursday, 22-carat gold prices in India are at Rs 5,595 per gram, while for 24-carat the price is at Rs 6,104 per gram.

On November 16, the price of 22-carat gold was at Rs 55,950 per gram; Rs 61,040 for 10 gm 24-carat gold and silver at Rs 74,700 per kg respectively, according to GoodReturns. At the same time, the silver rate was Rs 74.70 per gram whereas for 10 grams it was Rs 747.

Check rates of Gold and Silver here:

Why is gold and silver crucial in India?

In a country where gold and silver have deep-rooted cultural and economic significance, keeping track of their rates is of paramount importance. Whether one is an investor, a bride-to-be, or someone who appreciates the allure of these precious metals, understanding the dynamics of gold and silver rates in India can be both fascinating and rewarding.