Gold Price Today: Gold becomes cheaper on Narak Chaturdashi; 22-carat gold at ₹131,640 in Delhi; silver also loses its shine..

On the occasion of Naraka Chaturdashi today, gold prices in the country have seen a decline. On the morning of November 7, the price of 24-carat gold in the national capital, Delhi, stands at ₹143,600 per 10 grams. In Mumbai, the price is ₹143,450 per 10 grams. Gold prices have also decreased in other cities. A day earlier, on Dhanteras, the price of 99.9% pure gold in Delhi’s bullion market fell by ₹2,500 due to weak spot demand. High gold prices led to caution among buyers, which in turn impacted demand. Compared to last year, there has been no significant improvement in sales this time.

In the international market, spot gold is trading at $4,074.36 per ounce. Over the past week, the global price of gold has strengthened by 5.2%.

Gold rates in some major cities across the country:

Gold price in Delhi: In Delhi, the price of 24-carat gold is ₹143,600 per 10 grams, while the price of 22-carat gold is ₹131,640 per 10 grams.

Mumbai and Kolkata: In Mumbai and Kolkata, the price of 22-carat gold is ₹131,490 per 10 grams, and the price of 24-carat gold is ₹143,450 per 10 grams.

Gold price in Chennai: The price of 24-carat gold is ₹143,340 per 10 grams, and the price of 22-carat gold is ₹131,390 per 10 grams.

Prices in Pune and Bengaluru: In both these cities, the price of 24-carat gold is ₹143,450 per 10 grams, and the price of 22-carat gold is ₹131,490 per 10 grams. City    Today’s Price for 22-Carat Gold (₹)    Today’s Price for 24-Carat Gold (₹)
Delhi                  131,640                          143,600
Mumbai              131,490                         143,450
Ahmedabad       131,540                         143,500
Chennai             131,390                          143,340
Kolkata               131,490                         143,450
Hyderabad         131,490                         143,450
Jaipur                 131,640                         143,600
Bhopal                 131,540                       143,500
Lucknow              131,640                       143,600
Chandigarh         131,640                        143,600

Expected Sales of Approximately ₹60,000 Crore on Dhanteras

According to the news agency PTI, Rajesh Rokde, Chairman of the All India Gem and Jewellery Domestic Council (GJC), stated that the initial estimate for total gold trade across the country this Dhanteras is around ₹60,000 crore. The value of sales is expected to be 15–20 percent higher on a year-on-year basis. Customers are showing a preference for budget-friendly products, such as lightweight jewellery and 18-carat gold items. The GJC also anticipates a 30 percent increase in the value of silver sales and a 10 percent rise in the volume of silver sold this Dhanteras.

Price of Silver

The price of silver, another precious metal, has also seen a decline. As of the morning of November 7, silver is priced at ₹204,900 per kilogram. A day earlier, the price of silver in the Delhi bullion market had dropped by ₹2,000. In the international market, the price of spot silver stands at $52.18 per ounce.

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