Gold prices rise in major Indian cities ahead of Bhai Dooj festival

Gold and silver prices have risen in major Indian cities ahead of the Bhai Dooj festival, according to a report by NDTV India. As per a report by TV9 Gujarati, gold prices surged by 1 per cent in the global market on 9 November, causing the spot gold price in the international market to reach 4,107.01 dollars per ounce.

According to figures for 10 November, the price of 24 carat gold in Delhi remained ₹1,44,760 per 10 grams and 22 carat gold was ₹1,32,710. In Ahmedabad, 24 carat gold was recorded at ₹1,44,660 and 22 carat gold at ₹1,32,610 per 10 grams. In Mumbai, Kolkata, Pune, and Bengaluru, the price of 24 carat gold was ₹1,44,610 while 22 carat gold remained ₹1,32,560. In Chennai, 24 carat gold was at ₹1,43,550 and 22 carat gold at ₹1,31,580.

Despite the rise in gold prices, a decline has been observed in silver prices. On the morning of 10 November, the price of silver was recorded at ₹2,04,900 per kilogram, while the spot silver price in the international market is 52.78 dollars per ounce. It is noteworthy that in January this year, the price of silver in India reached a record level of ₹4 lakh per kilogram.

Gold is a chemical element with the symbol Au and atomic number 79. In its pure form, it is a bright metallic yellow, dense, soft, and malleable. It was one of the least reactive chemical elements, with only platinum being less reactive than it.