Gold Rate Rises Today, November 7: Check 24 & 22 Carat Prices In Delhi, Mumbai, Other Cities

Gold Rate Today, November 7: Prices of gold and silver rose in India on Friday, amid higher buying in the spot market. In Mumbai, the price of 24-carat gold stood at Rs 1,22,580 per 10 grams, while 22k gold was available at Rs 1,12,360 per 10 grams. These rates do not include GST and making charges. Silver was available at Rs 1,52,600 per kg. On the MCX, gold was up by 0.24% to trade at Rs 1,20,900 per 10 grams for the December 5 contracts in the futures market, while silver was trading higher by 0.94% to trade at Rs 1,47,972 per kg. What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On November 7? 22K Gold (per 10gm) 24K Gold (per 10gm) Rs 1,12,030 Rs 1,22,170 Rs 1,12,030 Rs 1,22,170 Rs 1,11,930 Rs 1,22,070 Rs 1,12,360 Rs 1,22,580 Rs 1,12,360 Rs 1,22,580 Rs 1,12,360 Rs 1,22,580 Rs 1,12,360 Rs 1,22,580 Rs 1,12,360 Rs 1,22,580 Rs 1,12,360 Rs 1,22,580 Rahul Kalantri, vice-president (commodities) of Mehta Equities, said, “Precious metals started the session on a positive note but later retreated from intraday highs as traders booked profits. Despite the selling pressure, gold and silver remain well-supported at lower levels. The dollar index has eased from its 3-month peak, and uncertainty around the U.S. government shutdown is driving investors toward safe-haven assets. Rising geopolitical tensions are also lending support. Technically, gold’s key make-or-break level stands at $3,855, while silver is defending the $46.70 support zone.” What Factors Affect Gold Prices In India? International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country. In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals. With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends. (With inputs from agencies)