Gold prices in India increased by ₹11 per gram across all three major purity categories on November 7 compared with the previous day. The price of 24K gold rose to ₹14,357 per gram from ₹14,346 on November 6, while 22K gold increased to ₹13,160 from ₹13,150. Similarly, 18K gold climbed to ₹10,768 per gram from ₹10,759.

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PurityPrice (Per Gram)
24K Gold (99.9% purity) ₹14,357
22K Gold (91.6% purity)₹13,160
18K Gold (75% purity)₹10,768

City-wise gold rate (1 gram)

Cities24 Carat22 Carat18 Carat
Chennai₹14,357₹13,160₹10,768
Mumbai₹14,357₹13,160₹10,768
Delhi₹14,360₹13,175₹10,783
Kolkata₹14,357₹13,160₹10,768
Bangalore₹14,357₹13,160₹10,768
Hyderabad₹15,357₹13,160₹10,768
Thiruvananthapuram₹14,357₹13,160₹10,768

City-wise silver rate

City(10 grams)(100 grams)(1 kg)
Chennai₹2,050₹20,500₹2,05,000
Mumbai₹2,050₹20,500₹2,05,000
Delhi₹2,050₹20,500₹2,05,000
Kolkata₹2,050₹20,500₹2,05,000
Bangalore₹2,050₹20,500₹2,05,000
Hyderabad₹2,050₹20,500₹2,05,000
Kerala₹2,050₹20,500₹2,05,000

How do gold rates in India change?

Gold rates in India are influenced by several factors, including international gold prices, currency movements and local tariffs. Among these, international gold prices are the most important factor. When gold prices rise in global markets, domestic rates generally move higher as well.

Gold prices can change from one day to the next, depending on market movements. However, rates in India generally remain unchanged on Sundays, as there is no trading. Buyers should check the latest gold rates before making a purchase to stay informed about price movements.

Let us look at the key factors that influence gold prices in India.

International gold prices: Global gold prices have the biggest influence on domestic rates. Political tensions, the threat of wars and other geopolitical uncertainties can increase demand for gold. As global demand gathers momentum, international prices tend to rise, pushing up gold rates in India as well.

Currency movements: The rupee's movement against the US dollar is another major factor influencing domestic gold prices. Changes in the exchange rate can affect the cost of gold in India, making it important to keep track of currency movements.

Inflation and interest rates: Inflation can also influence gold prices. When inflation rises, concerns about possible interest rate increases can affect investor demand for gold and influence its price movements.

Overall, international market trends, geopolitical developments and currency movements play a major role in determining gold rates in India. Buyers should always check the latest rates before purchasing gold.