“Gold Prices in India for September 28, 2023: What You Need to Know”
Introduction: Gold Market Overview
The gold market is always a point of interest for investors and jewelry enthusiasts. On December 5, 2023, gold futures were trading at ₹58,190 on the Multi Commodity Exchange, a key indicator of gold prices in India. While the global prices of crude and Brent have shown a significant surge, the domestic rates of petrol and diesel remain unchanged as of September 28.
Gold Prices in India
As of September 28, the retail prices of gold vary across different cities in India, with an average of nearly ₹60,000 per 10 grams. For a more detailed breakdown, 10 grams of 24-carat gold is approximately ₹59,440, while the same quantity of 22-carat gold is available for about ₹54,490. Additionally, the current price of silver stands at ₹74,200 per kilogram.
Factors Affecting Gold Prices
The retail price of gold reflects the amount at which gold is sold to consumers within the country. This price is influenced by various factors, including global gold prices, the value of the rupee, and the expenses associated with labor and materials used in making gold jewelry.
City-Wise Gold Prices on September 28
Ahmedabad:
- 10 grams of 22-carat gold: ₹54,540
- 10 grams of 24-carat gold: ₹59,490
Delhi:
- 10 grams of 22-carat gold: ₹54,640
- 10 grams of 24-carat gold: ₹59,590
Chennai:
- 10 grams of 22-carat gold: ₹54,790
- 10 grams of 24-carat gold: ₹59,770
Conclusion: Stay Informed
The gold market can fluctuate during the day, so it’s essential to stay updated on the latest prices. Whether you’re an investor or simply interested in purchasing gold jewelry, keeping an eye on the gold rates is crucial for making informed decisions.