Gold Rate Today in India: The price of gold has fallen a day before Karwa Chauth (Karwa Chauth 2023). Tomorrow is Karva Chauth on Wednesday 1st November. Tomorrow all married women observe a fast for the long life of their husbands. If you are planning to buy gold jewelery for your wife for Karva Chauth, then there will be some relief in prices today.
Gold Rate Today in India: The price of gold has fallen a day before Karwa Chauth (Karwa Chauth 2023). Tomorrow is Karva Chauth on Wednesday 1st November. Tomorrow all married women observe a fast for the long life of their husbands. If you are planning to buy gold jewelery for your wife for Karva Chauth, then there will be some relief in prices today. In most cities across the country, the price of 22 carat gold remains between Rs 56,500 to Rs 57,400. Jewelers mostly make jewelery in 22 carat gold. Let us know at what rate the price of gold is trading today in big cities of the country.
Gold becomes cheaper a day before Karva Chauth
Today, on the second day of the week and a day before Karva Chauth, the price of 10 grams of 24 carat gold has decreased by Rs 500 to Rs 1,000. The demand for gold has started increasing during the festival time. In many cities of the country, the price of gold is trading around Rs 62,000.
Gold price on 31 October 2023
Gold rate in Delhi
The price of 22 carat gold in Delhi was Rs 57,350 per 10 grams. For 24 carat, customers will have to pay Rs 62,540 per 10 grams. The city rates have been taken from jewellers.
Gold rate in Ahmedabad
Talking about other cities of the country, the retail price of 22 carat gold in Ahmedabad, Gujarat is Rs 57,240 and the price of 24 carat gold is Rs 62,430 per 10 grams.
Gold rate in Chennai
In Chennai, 22 carat gold was Rs 57,150 per 10 grams. The retail price of 24 carat gold in Chennai, the capital of Tamil Nadu, is Rs 62,350 per 10 grams.
This was the gold rate in big cities of the country on 31 October 2023
| 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 |
This is how gold prices are decided
The price of gold is largely decided on the basis of demand and supply of gold in the market. If the demand for gold increases, the rate will also increase. If the supply of gold increases, the price will decrease. The price of gold is also affected by global economic conditions. For example, if the international economy is performing poorly, investors will look to gold as a safe investment option. This will increase the price of gold.
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