Gold Price Today (November 6, 2023): City-Wise Rates
Stay updated with the latest gold prices in India for 18K, 22K, and 24-carat gold per 10 grams across major cities:
1. Mumbai Gold Rate
- 24K: ₹61,200
- 22K: ₹58,400
- 18K: ₹47,700
2. Delhi Gold Rate
- 24K: ₹61,300
- 22K: ₹58,500
- 18K: ₹47,800
3. Chennai Gold Rate
- 24K: ₹61,500
- 22K: ₹58,700
- 18K: ₹48,000
(Prices include GST + import duty; slight variations may apply locally.)
4 Key Factors Driving Gold Prices
- Global Gold Rates (USD/oz): India imports 90% of its gold, linking prices to international markets.
- Rupee-Dollar Exchange Rate: Weak rupee = Higher gold costs.
- Festive Demand: Diwali & Dhanteras spike purchases.
- Taxes: 15% import duty + 3% GST.
Expert Tips for Gold Buyers
- ✅ Verify Hallmarking: Ensure BIS-certified purity (e.g., 22K916).
- ✅ Compare Cities: Kolkata often offers lower rates than Mumbai/Delhi.
- ✅ Explore SGBs: Sovereign Gold Bonds yield 2.5% annual interest + tax-free maturity.
November 2023 Outlook
Gold may stay volatile due to:
– US Fed rate decisions
– Geopolitical tensions (Middle East, Ukraine)
– Rupee performance (currently ~₹83.2/USD)
Pro Tip: Bookmark this page for daily gold rate updates!
