Gold price today at Rs 55,040 per 10 gm, silver trends at Rs 65,410 per kg
.jpg)
Gold price today jumped to Rs 55,040 from Rs 55,030 per 10 gm, while silver was trending at Rs 65,410 per kg, according to the Good Returns website.
Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes.
In New Delhi, the gold price of 22-carat rose to Rs 50,460 per 10 gm, while in Chennai it climbed to Rs 48,850. In Mumbai, the rate was Rs 51,190 according to the Good Returns website. The price of 24-carat gold in Chennai was Rs 53,160 per 10 gm.
On the MCX, December gold futures climbed 0.22 per cent to Rs 52,168 per 10 gm, while silver December futures were at Rs 63,355 per kg.
Meanwhile, jewellers are betting on recovery and are optimistic that a rebound in the economy and pent up demand will help boost sales during this 'Dhanteras' and the industry is likely to do up to 70 per cent of last year's business.
Notwithstanding the ruling high gold prices and ongoing Covid-19 uncertainties, jewellers are expecting a revival in retail sales this festive season as the yellow metal has always been an integral part to festivals in India, particularly so during Dhanteras, Diwali, and the ensuing wedding season.
Investors and financial executives took a big sigh of relief on Saturday after major networks declared Democrat Joe Biden winner of the U.S. presidential election, offering some certainty after days of conflicting reports about who might run the White House next term.
Gold is headed for the biggest weekly gain since July and copper rose in the international market.
Other Latest News
.webp)
There were 16.58 billion Unified Payments Interface (UPI) transactions worth Rs 23.5 trillion in October, the highest numbers for the digital system since it became operational in April 2016.
UPI’s previous peak was 15.04 billion in volume terms in September 2024 and Rs 20.64 trillion in value in July. Data from previous months shows that the growth in transactions is driven by person to merchant transactions (for buying goods or services), which got a festival season push in October.
.webp)
Communist Party of India (CPI) leader D Raja slammed the idea of implementing 'One Nation One Election (ONOE)' saying that there is "strong perception" against such a policy as it will destroy the multi-party democratic system in the country.
"This is the current agenda for PM Modi, nothing else. There is strong public opinion against 'One nation, One election' because there is a perception that it will destroy the multi-party democratic system in the country.
.webp)
In view of the upcoming assembly election, Maharashtra Deputy Chief Minister Ajit Pawar visited Malad for the election campaign on Friday.
On October 28, Maharashtra Deputy Chief Minister and NCP chief Ajit Pawar filed his nomination from the Baramati assembly seat. Ajit Pawar split the NCP in June 2023.
.webp)
Oil marketing companies have raised the price of commercial LPG cylinders in major cities, with the new rates effective from November 1.
In Delhi, the cost of a 19-kg commercial LPG cylinder has increased by Rs 62, now retailing at Rs 1,802, up from Rs 1,740. This increase follows an earlier hike on October 1, when prices rose by Rs 48.50 to Rs 1,740.
.webp)
The morning after Diwali, residents of Delhi, Noida, Gurugram and other areas in the National Capital Region awoke to a thick layer of toxic smog. Many locations in Haryana reported air quality indices (AQI) categorized as 'poor' and 'very poor' during the Diwali celebrations.
In Anand Vihar, Delhi, the AQI reached a concerning 395 at 6 AM on November 1, according to the Central Pollution Control Board (CPCB). The air quality deteriorated further on Diwali night, with PM2.5 levels rising sharply, creating hazardous conditions for respiratory health.
.webp)
.webp)
.webp)
.webp)
.webp)
