Gold prices today are upbeat! A day before Karva Chauth, gold becomes less expensive; find out how much it has dropped in price

 Gold prices today are upbeat! A day before Karva Chauth, gold becomes less expensive; find out how much it has dropped in price

Indian Gold Rate Today: A day ahead of Karwa Chauth (2023), the price of gold has decreased. Karva Chauth occurs on Wednesday, November 1st, tomorrow. All married ladies observe a fast tomorrow in honor of their husbands' long lives. Prices today will be somewhat lower if you want to purchase your wife gold jewelry for Karva Chauth.

Indian Gold Rate Today: A day ahead of Karwa Chauth (2023), the price of gold has decreased. Karva Chauth occurs on Wednesday, November 1st, tomorrow. All married ladies observe a fast tomorrow in honor of their husbands' long lives. Prices today will be somewhat lower if you want to purchase your wife gold jewelry for Karva Chauth. The price range of Rs 56,500 to Rs 57,400 is maintained for 22 carat gold in the majority of the nation's cities. Most jewelry is created by jewelers using 22 carat gold. Tell us how much gold is going for right now in the nation's major cities.

The price of gold drops one day before to Karva Chauth.

One day before Karva Chauth and on the second day of the week, the cost of 10 grams of 24 carat gold has dropped from Rs 1,000 to Rs 500. During the festival season, there has been a noticeable increase in demand for gold. Around Rs 62,000 is the going rate for gold in several of the nation's cities.

Price of gold on October 31, 2023

Delhi's rate of gold

In Delhi, ten kilos of 22 carat gold cost Rs 57,350. Customers would pay Rs 62,540 for 10 grams for 24 carat. Jewelers have been charged the municipal charges.

Rate of gold in Ahmedabad

In other parts of the nation, 22 carat gold retails for Rs 57,240 in Ahmedabad, Gujarat, while 24 carat gold costs Rs 62,430 per 10 kg.

Rate of gold in Chennai

Ten grams of 22 carat gold cost Rs 57,150 in Chennai. In Chennai, the capital of Tamil Nadu, ten kilos of 24 carat gold sell for Rs 62,350.

On October 31, 2023, the gold rate in the nation's major cities was as follows.

City 22 carat gold rate 24 carat gold rate

Mumbai 56,700 61,850

Gurugram 57,350 62,540

Kolkata 56,700 61,850

Lucknow 57,350 62,540

Bangalore 56,700 61,850

Jaipur 57,350 62,540

Patna 56,750 61,900

Bhubaneswar 56,700 61,850

Hyderabad 56,700 61,850

Here's how the price of gold is determined.

The market's supply and demand for gold determine the price of the metal in considerable part. The rate will rise along with the demand for gold. The price of gold will drop as its supply grows. Global economic factors can have an impact on the price of gold. For instance, investors would turn to gold as a secure investment alternative if the global economy is underperforming. The price of gold will rise as a result.