Last Updated:November 07, 2024, 10:01 IST

Gold Rate Today In India: Know Retail Gold Price On November 7.

Gold and silver prices today, November 7.

Gold Rate Today: Gold prices in India on Thursday fell to nearly Rs 78,500 per 10 grams following volatility after Donald Trump’s presidency win. On November 7, the price of 24-carat gold, known for its highest purity, fell to Rs 78,560 per 10 grams on Thursday. For jewellery buyers, 22-carat gold, which is more durable due to its alloy composition, was priced at Rs 72,000 per 10 grams.

Silver Rate Today

Silver was also down by 100 to Rs 95,800 per kilogram.

Gold Rate Today In India: Retail Gold Price On November 7

Check gold prices in different cities on November 7, 2024; (In Rs 10/gram)

Retail Cost of Gold in India

What Is The Retail Price Of Gold Per Gram?

Gold price per gram refers to the cost of a single gram of gold, typically expressed in a currency like Indian Rupees. This price fluctuates daily based on several factors, including economic conditions, geopolitical events, and supply-demand dynamics.

In India, the retail price of gold, the final cost consumers pay, is influenced by more than just its market value. Various factors, such as import duties, taxes, and currency exchange rates, play a significant role.

Gold holds deep cultural significance in India, serving as a popular investment and playing a central role in weddings and festivals.

As market conditions evolve, investors and traders closely monitor these trends. Stay tuned for further updates.