In today’s changing market, fluctuations in Gold Rate have become a common thing. Every day there is a slight change in the price of gold, which raises the question in the minds of common people whether this is the right time to invest or not. Let us know the latest gold prices of 9 November 2024 and see what is the price in your city today.
Why do Gold Rate change?
There is a constant fluctuation in the price of gold. The main reason for this is the changes in the international market, the exchange rate of the rupee and the balance of demand and supply of gold in the country. Whenever any kind of political or economic crisis occurs, the price of gold changes. This makes it difficult to predict the price of gold, but those who decide to invest in gold keep a close eye on its movements.
24 Carat and 22 Carat Gold Rate 09-11-2024
| City | 22 Carat (per 10 gm) | 24 Carat (per 10 gm) |
|---|---|---|
| Delhi | Rs 53,000 | Rs 57,800 |
| Mumbai | Rs 52,750 | Rs 57,500 |
| Kolkata | Rs 53,100 | Rs 57,900 |
| Chennai | Rs 53,300 | Rs 58,100 |
| Bengaluru | Rs 52,850 | Rs 57,600 |
| Ahmedabad | Rs 52,900 | Rs 57,650 |
| Jaipur | Rs 53,200 | Rs 57,950 |
| Patna | Rs 52,800 | Rs 57,550 |
| Lucknow | Rs 53,050 | Rs 57,850 |
| Hyderabad | Rs 53,150 | Rs 57,900 |
Why is Gold Rate increasing?
This year, there is a constant change in the Gold Rate. The main reason for this is the global demand for gold and the fluctuations in the price of the dollar. Apart from this, the price of gold has also increased due to the movement in the international market and the wedding season. Gold has always been an important part of Indian culture and due to this, its demand increases further during the wedding and festival season.
When is the right time to invest in gold?
The right time to invest in gold is when the prices are stable or going down. According to experts, gold prices may increase to some extent in the coming days, so today may be the right time to invest in gold. If you want to invest for the long term then gold is a good medium to bring stability to your portfolio.
It is important to understand the daily changes in gold prices and invest at the right time. Whether you are an investor or just want to add gold to your collection, today’s rates can serve as a guideline for you.
Also Read:
Gold Price Change Today 24, 22, 18 Carat Gold Rates Fall Slightly Before Dhanteras And Diwali Offer
Gold Glitters on Dhanteras Prices Shine Bright Despite Upward Trend
