Gold and Silver prices on November 9, 2023

According to GoodReturns, the price of 22-carat gold was at Rs 56,100 per gram; Rs 61,200 for 10 gm 24-carat gold and silver at Rs 73,500 per kg respectively.

Edited By: Alina Khan

Last Updated : 09 November 2023, 08:25 AM IST

According to the latest gold and silver prices, on Thursday, 22-carat gold prices in India are at Rs 5,610 per gram, while for 24-carat the price is at Rs 6,120 per gram.

On November 9, the price of 22-carat gold was at Rs 56,100 per gram; Rs 61,200 for 10 gm 24-carat gold and silver at Rs 73,500 per kg respectively, according to GoodReturns. At the same time, the silver rate was Rs 73.50 per gram whereas for 10 grams it was Rs 745.

Check rates of Gold and Silver here:

Cities	22-carat Gold (10 gm)	24-carat Gold (10 gm)	Silver (1 kg)
Delhi	56,250	61,350	73,500
Mumbai	56,100	61,200	73,500
Chennai	56,600	61,750	76,500
Kolkata	56,100	61,200	73,500
Bengaluru	56,100	61,200	73,000
Hyderabad	56,100	61,200	76,500
Kerala	56,100	61,200	76,500

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 9, 2023