As of November 16, 2024, gold prices in India show a slight decline across all purity levels. If you're planning to buy or invest in gold, here's a breakdown of the current gold rates in India:
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| Gold Price Update in India - November 16, 2024 |
Current Gold Prices in India – November 16, 2024
- 22K Gold: ₹6,935 per gram (down ₹10 from yesterday)
- 24K Gold: ₹7,565 per gram (down ₹11 from yesterday)
- 18K Gold: ₹5,674 per gram (down ₹8 from yesterday)
Gold Price Trends in India
Gold prices in India have been fluctuating over the last few days. On November 16, 2024, both 22K and 24K gold prices saw a slight drop compared to the previous day. Here's a quick snapshot of the changes:
- 22K Gold: ₹6,935 (down ₹10 from ₹6,945 on November 15)
- 24K Gold: ₹7,565 (down ₹11 from ₹7,576 on November 15)
- 18K Gold: ₹5,674 (down ₹8 from ₹5,682 on November 15)
Gold Price in Major Indian Cities
Gold prices are generally consistent across most major cities in India, though there may be slight variations due to local market conditions. Here are the prices for 22K, 24K, and 18K gold in key cities:
- Chennai: ₹6,935 (22K), ₹7,565 (24K), ₹5,720 (18K)
- Mumbai: ₹6,935 (22K), ₹7,565 (24K), ₹5,674 (18K)
- Delhi: ₹6,950 (22K), ₹7,580 (24K), ₹5,687 (18K)
- Kolkata: ₹6,935 (22K), ₹7,565 (24K), ₹5,674 (18K)
- Bangalore: ₹6,935 (22K), ₹7,565 (24K), ₹5,674 (18K)
- Hyderabad: ₹6,935 (22K), ₹7,565 (24K), ₹5,674 (18K)
Gold Prices Around the World
Gold prices tend to vary slightly across different countries, driven by factors like local demand and currency fluctuations. Here's a quick comparison of gold prices in major international markets for 22K, 24K, and 18K gold:
- United States: 22K Gold ₹6,923, 24K Gold ₹7,346, 18K Gold ₹5,665
- United Kingdom: 22K Gold ₹6,390, 24K Gold ₹6,971, 18K Gold ₹5,232
- UAE: 22K Gold ₹7,046, 24K Gold ₹7,609, 18K Gold ₹5,850
- Saudi Arabia: 22K Gold ₹6,834, 24K Gold ₹7,374, 18K Gold ₹5,591
Gold Price History – Last 10 Days in India
Gold prices in India have been quite dynamic over the past week, with some fluctuations. Here is a summary of the prices for 22K and 24K gold over the past 10 days:
- November 16, 2024: ₹6,935 (22K) | ₹7,565 (24K)
- November 15, 2024: ₹6,945 (22K) | ₹7,576 (24K)
- November 14, 2024: ₹6,935 (22K) | ₹7,565 (24K)
- November 13, 2024: ₹7,045 (22K) | ₹7,685 (24K)
- November 12, 2024: ₹7,085 (22K) | ₹7,729 (24K)
Why Gold is a Safe Investment in India
Gold has long been a reliable hedge against inflation and economic uncertainty, making it a favored investment option for Indians. Despite short-term fluctuations, gold maintains its value over the long term, which is why it's considered a safe investment. Whether you're buying gold for personal use or as a financial investment, understanding current gold rates can help you make informed decisions.
Conclusion
The gold price trend in India for November 16, 2024, indicates a minor decrease in the rates for both 22K and 24K gold, continuing the fluctuations observed in recent days. Whether you're looking to buy gold jewelry or invest in gold for long-term security, keeping track of daily price updates is essential.
For the latest gold prices and trends, make sure to stay updated through reliable sources, such as Goodreturns and other trusted local jewellers.
For the latest and most accurate gold price updates in India, refer to trusted sources like Goodreturns here.