Gold Prices Rise in India: Check 22-Carat Rates for Your City on November 20

Gold prices in India witnessed a rise on November 20, 2024, reflecting global market movements and local economic factors. Gold, a staple investment and a symbol of tradition, continues to hold immense significance, especially during festivals and weddings. Here’s an overview of today’s rates and what drives these price changes.

# Gold Rates Today : City-Wise Prices

• 22-Carat Gold: Known for its durability and suitability for jewelry, the price of 22-carat gold stands at ₹70,660 per 10 grams.
• 24-Carat Gold: Celebrated for its unmatched purity, 24-carat gold is priced higher at ₹77,080 per 10 grams.

Both types of gold remain in high demand, with buyers choosing based on their specific needs, whether for adornment or investment purposes.

Silver Rates Today

Silver Price: Alongside gold, silver also maintains its position as a preferred asset. As of November 20, silver is trading at ₹91,600 per kilogram.

# What Influences Gold Prices in India?

The retail price of gold in India fluctuates daily due to a mix of global and local factors:

• Global Markets: International trends, geopolitical tensions, and economic stability significantly impact gold rates.

Import Duties and Taxes: Since India is a major gold importer, local prices are affected by import duties, GST, and currency exchange rates.

Cultural Demand: Gold holds deep cultural value, especially during festivals like Diwali and Dhanteras and wedding seasons, boosting demand and influencing prices.

Retail Gold Pricing Explained

The retail price is the amount consumers pay per gram of gold. It accounts for market rates and additional costs like taxes and duties. Staying informed about these prices can help buyers and investors make better decisions.

Gold and silver continue to symbolize wealth, tradition, and financial security. Keep tracking market trends to seize the right opportunities for purchase or investment.