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Saturday, February 24, 2024

Is India’s Gold Rate Stable? On December 7, check the price of 22 carats in your city

<p>Gold Rate in India Today: On December 07, 2023, rates for 10 grams of gold varied by city, but they generally remained around Rs 63,000. In particular, the average price for 10 grams of 24-carat gold was Rs 62,780, whilst the same amount of 22-carat gold brought in Rs 57,550. Silver, however, continued to rise and reached a high of Rs 77,200 per kilogram.</p>
<p><img decoding=”async” class=”alignnone wp-image-298091″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-is-indias-gold-rate-stable-on-december-7-check-the-price-of-22-carats-in-your-city-750×422.jpg” alt=”theindiaprint.com is indias gold rate stable on december 7 check the price of 22 carats in your city” width=”1145″ height=”644″ title=”Is India's Gold Rate Stable? On December 7, check the price of 22 carats in your city 3″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-is-indias-gold-rate-stable-on-december-7-check-the-price-of-22-carats-in-your-city-750×422.jpg 750w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-is-indias-gold-rate-stable-on-december-7-check-the-price-of-22-carats-in-your-city-1024×576.jpg 1024w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-is-indias-gold-rate-stable-on-december-7-check-the-price-of-22-carats-in-your-city-768×432.jpg 768w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-is-indias-gold-rate-stable-on-december-7-check-the-price-of-22-carats-in-your-city-1536×864.jpg 1536w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-is-indias-gold-rate-stable-on-december-7-check-the-price-of-22-carats-in-your-city-390×220.jpg 390w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-is-indias-gold-rate-stable-on-december-7-check-the-price-of-22-carats-in-your-city-150×84.jpg 150w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-is-indias-gold-rate-stable-on-december-7-check-the-price-of-22-carats-in-your-city.jpg 1600w” sizes=”(max-width: 1145px) 100vw, 1145px” /></p>
<p>Indian gold rate as of right now: December 7 retail gold price</p>
<p>Gold Rate in Delhi</p>
<p>Ten kilos of 22-carat gold costs Rs 57,700 in Delhi, whereas the same quantity of 24-carat gold costs Rs 62,930.</p>
<p>Mumbai Gold Exchange Rate</p>
<p>Ten grams of 22-carat gold now cost Rs 57,550 in Mumbai, whereas the same quantity of 24-carat gold costs Rs 62,780.</p>
<p>Gold Rate in Chennai</p>
<p>Ten kilos of 22-carat gold costs Rs 58,200 in Chennai, whereas the same quantity of 24-carat gold costs Rs 63,490.</p>
<p>Examine current gold prices in several cities on December 7, 2023. (In grams/Rs)</p>
Gujarat 57,700 62,930 Ahmedabad 57,600 62,830<br />
Multi Commodity Exchange: Kolkata 57,550 62,780; Lucknow 57,700 62,930; Bengaluru 57,550 62,780; Jaipur 57,700 62,930; Patna 57,600 62,830; Bhubaneshwar 57,550 62,780; Hyderabad 57,550 62,780</p>
<p>Gold futures with an expiration date of February 5, 2024 were selling at Rs 62,344 on the Multi Commodity Exchange on December 7. At Rs 74,477, silver futures with an expiration date of March 5, 2024, were trading.</p>
<p>The quantity of gold sold to consumers nationwide is known as the retail price. The value of the Rupee, the cost of labor and materials required to make gold jewelry, and the price of gold globally all have an impact on this pricing.</p>
<p>Due to its historical significance in Indian culture, financial potential, and marriage and festival customs, gold is highly valued.</p>
<p>Supply and Demand: The price of gold is mostly determined by the quantity available and the level of demand for it. Gold often rises in price as demand grows. Nevertheless, the price may drop if there is an excess of gold on the market.</p>
<p>Global Economic Conditions: Gold prices are significantly influenced by the state of the world economy as a whole. Gold’s price rises because investors often pick it as a secure investment during recessions or weak global economies.</p>
<p>Political Unrest: Political unrest may have an impact on gold prices. A crisis or unpredictability in a major nation or area may lead investors to decide to hedge their money with gold investments. The increasing demand for gold may result in a rise in price.</p>

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