Gold Rate Today in India, Check 22K, 24K Gold Price in India on November 22, 2024: The gold MCX futures contracts with the expiry of December 2024 were quoted for Rs 76,751 per 10 gm
Gold and silver rates today, November 22
The 24-carat gold rate in India was Rs 76,970 per 10 grams on November 22. The rate for 24-carat gold per gram is Rs 7,697. The rate of 22-carat gold was Rs 70,556 per 10 grams.
The rate of 24-carat gold has risen by 3.67% in the last one week, and the yellow metal has gained by 2.5% in the last ten days. The silver is currently quoted at Rs 90,190 per kilogram.
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Experts on Gold & Silver Outlook
Commenting on the gold outlook Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities said that Gold prices surged higher as geopolitical tensions reignited safe-haven demand, with renewed concerns over nuclear risks in the Russia-Ukraine conflict. Reports of escalating tensions and global unease drove gold prices up by $18 on Comex, reaching $2,670, and by Rs 550 higher at Rs 76600 on MCX. The uncertainty surrounding the situation continues to support a bullish bias for gold.
Trivedi also added Technically, gold faces significant resistance on Comex near $2,675–2,690, with key support at $2,600–2,610. In MCX, Rs 75,000–Rs 75,200 serves as strong support, while resistance levels are pegged at Rs 77,100–Rs 77,300. Elevated volatility is expected in the short term due to geopolitical developments.
Why is gold a safe haven investment?
Gold is considered a safe-haven investment, offering protection against monetary expansion and helping preserve currency value. As central banks raise the money supply, gold serves as a hedge against currency devaluation, making it a stable asset during economic uncertainty.
Its resilience to inflation also adds to its appeal, as gold’s value often rises alongside living costs, shielding investors from inflation’s impact. In economic downturns, gold generally outperforms other assets, safeguarding portfolios against devaluation and providing a buffer against financial instability.
Gold rate in Mumbai on November 04
The glittering metal was quoted for a price of Rs 76,970/10 grams in Mumbai on November 22. On November 21, the price of gold was Rs 76,190/10 grams. Seven days back, on November 15, gold was trading for Rs 74,240/10 grams.
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Silver rate in Mumbai on November 04
The shining metal silver was selling for a rate of Rs 90,190/Kg on November 22 in Mumbai. Whereas on November 21, the metal was priced at Rs 90,210/Kg and a week ago the price was Rs 89,100/Kg.
Gold rate in Kolkata on November 22
In Kolkata, the 24-carat gold rate in Kolkata was trading for Rs 76,870/10 grams, today, November 22. The glittering metal was selling for Rs 75,690/10 grams on November 21 and was quoting for Rs 74,150/10 grams last week.
Silver rate in Kolkata on November 22
The silver rate in Kolkata today was Rs 90,070/Kg. The price of silver was Rs 90,090/Kg on November 21. Last week, the price was trading at Rs 88,980/Kg.
Gold rate in Delhi on November 22
On November 22, the gold was trading at a price of Rs 76,830/10 grams. The gold was quoted at Rs 75,660/10 grams on Thursday, November 21.
While the price of the 999 gold was selling for a price of Rs 74,130/10 grams a week ago.
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Silver rate in Delhi on November 22
In Delhi, the silver was priced at Rs 90,030/Kg on November 22. The price of silver was Rs 89,980/Kg on November 21. The price of silver was quoted at Rs 88,960/Kg last week.
Gold rate in Chennai on November 22
The gold rate in Chennai was Rs 77,190/10 grams today, November 22. On Thursday 21-11-2024 the gold rate was quoted at Rs 76,410/10 grams. On November 15 or a week ago, the price of gold was Rs 74,460/10 grams in Chennai.
Silver rate in Chennai on November 22
The silver rate in Chennai today, November 22, is Rs 90,450/Kg. On November 21, the price of silver at Rs 90,470/Kg. The silver in Chennai was available to the customers for a price of Rs 89,360/Kg a week ago.
MCX Futures on November 22
The gold MCX futures contracts with the expiry of December 2024 were quoted for Rs 76,751 per 10 gm, an increase of Rs 717. While the futures contracts for silver with the December 2024 expiry on MCX futures were trading at Rs 89,935 per kg, a fall of Rs 154..
