Gold Rate in Dhanteras-Diwali Week: There is a decline in the price of gold in the week of Dhanteras-Diwali. Today, on the second day of the week, gold rates have fallen. The rates of 22 and 24 carat gold have decreased by Rs 100 to Rs 150. Gold rate in Delhi NCR is trading at Rs 61,500. The rate of silver is at Rs 75,200. The price of silver has increased.
Gold price on 7 November 2023
Gold rate in Delhi
The price of 22 carat gold in Delhi was Rs 56,400 per 10 grams. For 24 carat, customers will have to pay Rs 61,510 per 10 grams.
Gold rate in Ahmedabad
Talking about other cities of the country, the retail price of 22 carat gold in Ahmedabad, Gujarat is Rs 56,300 and the price of 24 carat gold is Rs 61,410 per 10 grams.
Gold rate in Chennai
In Chennai, 22 carat gold was Rs 56,700 per 10 grams. The retail price of 24 carat gold in Chennai, the capital of Tamil Nadu, is Rs 61,850 per 10 grams.
This was the gold rate in big cities of the country on 7 November 2023Â
| City | 22 carat gold rate | 24 carat gold rate |
| Mumbai | 56,250 | 61,360 |
| Gurugram | 56,400 | 61,510 |
| Kolkata | 56,250 | 61,360 |
| Lucknow | 56,400 | 61,510 |
| Bangalore | 56,250 | 61,360 |
| Jaipur | 56,400 | 61,510 |
| Patna | 56,300 | 61,410 |
| Bhubaneswar | 56,250 | 61,360 |
| Hyderabad | 56,250 | 61,360 |
This is how gold prices are decided
The price of gold is largely decided on the basis of demand and supply of gold in the market. If the demand for gold increases, the rate will also increase. If the supply of gold increases, the price will decrease. The price of gold is also affected by global economic conditions. For example, if the international economy is performing poorly, investors will look to gold as a safe investment option. This will increase the price of gold.
