Gold and Silver prices on November 7, 2023

According to GoodReturns, the price of 22-carat gold was at Rs 56,340 per gram; Rs 61,640 for 10 gm 24-carat gold and silver at Rs 75,200 per kg respectively.

Edited By: Alina Khan

Last Updated : 07 November 2023, 09:14 AM IST

According to the latest gold and silver prices, on Tuesday, 22-carat gold prices in India are at Rs 5,634 per gram, while for 24-carat the price is at Rs 6,164 per gram.

On November 7, the price of 22-carat gold was Rs 56,340 per gram; Rs 61,640 for 10 gm 24-carat gold and silver at Rs 75,200 per kg respectively, according to GoodReturns. At the same time, the silver rate was Rs 75.20 per gram whereas for 10 grams it was Rs 752.

Check rates of Gold and Silver here:

Cities	22-carat Gold (10 gm)	24-carat Gold (10 gm)	Silver (1 kg)
Delhi	56,490	61,610	75,200
Mumbai	56,340	61,460	75,200
Chennai	56,990	62,180	78,200
Kolkata	56,340	61,460	75,200
Bengaluru	56,340	61,460	74,000
Hyderabad	56,340	61,460	78,200
Kerala	56,340	61,460	78,200

What determines gold and silver rates?

To comprehend the fluctuations in gold and silver rates, it's crucial to know the factors that influence them. These include:

Global Market Trends - Global economic conditions, geopolitical events, and currency fluctuations can significantly impact the rates of gold and silver in India.

Local Demand and Supply - Domestic factors, such as festive seasons and weddings, influence the demand for gold in India. Moreover, mining and import policies play a role in supply and pricing.

Investment Opportunities:

Buying Gold and Silver - Learn about various ways to invest in gold and silver, from physical purchases to digital investments like ETFs and sovereign gold bonds.

In a country where gold and silver are more than just commodities, understanding their rates and significance is essential. By staying informed about global and local factors affecting their prices and making strategic investment decisions, you can navigate the ever-changing landscape of gold and silver rates in India.

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Gold and Silver prices on November 7, 2023