Gold Silver prices on November 12: Check latest rates on Diwali

The price of 22-carat gold was at Rs 55,550 per gram; Rs 60,600 for 10 gm 24-carat gold and silver at Rs 73,000 per kg respectively.

Edited By: Alina Khan

Last Updated : 13 November 2023, 09:11 AM IST

On the day of Diwali, 22-carat gold prices in India are at Rs 5,555 per gram, while for 24-carat the price is at Rs 6,060 per gram.

On November 12, the price of 22-carat gold was at Rs 55,550 per gram; Rs 60,600 for 10 gm 24-carat gold and silver at Rs 73,000 per kg respectively, according to GoodReturns. At the same time, the silver rate was Rs 73.00 per gram whereas for 10 grams it was Rs 730.

Check rates of Gold and Silver here:

Cities	22-carat Gold (10 gm)	24-carat Gold (10 gm)	Silver (1 kg)
Delhi	55,700	60,750	73,000
Mumbai	55,550	60,600	73,000
Chennai	56,000	61,090	76,000
Kolkata	55,550	60,630	72,750
Bengaluru	55,550	60,630	76,000
Hyderabad	55,550	60,630	76,000
Kerala	55,550	60,630	76,000

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 Silver prices on November 12: Check latest rates on Diwali