Gold and Silver Price Update for 29 November 2024 : Gold prices have seen a slight increase, while silver rates have dropped in the Indian bullion market as of 29 November 2024. According to the India Bullion and Jewellers Association (IBJA), gold prices rose from ₹76,175 per 10 grams on Wednesday to ₹76,287 per 10 grams on Thursday. Silver, however, saw a decline, closing at ₹87,904 per kilogram.
The updated rates will remain in effect until markets open on Friday.
Gold Prices: City-Wise Breakdown
| City | 22K (₹/10g) | 24K (₹/10g) | 18K (₹/10g) |
|---|---|---|---|
| Chennai | ₹70,900 | ₹77,350 | ₹58,600 |
| Mumbai | ₹70,930 | ₹77,350 | ₹58,010 |
| Delhi | ₹71,050 | ₹77,500 | ₹58,130 |
| Kolkata | ₹70,900 | ₹77,350 | ₹58,010 |
| Ahmedabad | ₹70,950 | ₹77,400 | ₹58,050 |
| Jaipur | ₹71,050 | ₹77,500 | ₹58,130 |
| Patna | ₹70,950 | ₹77,400 | ₹58,050 |
| Lucknow | ₹71,050 | ₹77,500 | ₹58,130 |
| Gurugram | ₹71,050 | ₹77,500 | ₹58,130 |
Purity-Wise Gold Rates
Gold prices vary based on their purity levels, which determine their suitability for jewelry, coins, or investment purposes:
| Purity | Morning Rate (₹/10g) |
|---|---|
| 999 (24K) | ₹76,287 |
| 995 | ₹75,981 |
| 916 (22K) | ₹69,879 |
| 750 (18K) | ₹57,215 |
| 585 | ₹44,628 |
Silver Prices for 29 November 2024
The silver rate for 999 purity is set at ₹87,904 per kilogram, reflecting a decline from the previous day. Investors may find opportunities in this dip.
Key Market Drivers
- Global Economic Trends:
Fluctuations in global interest rates and geopolitical stability play a significant role in gold and silver prices. - Indian Wedding Season Demand:
Increased demand during the ongoing wedding season is contributing to the slight rise in gold prices. - US Dollar Strength:
A stronger dollar often leads to a dip in precious metal prices globally, which has partially impacted silver rates. - Bullion Market Dynamics:
The balance between demand from jewellers and profit-booking by traders affects day-to-day price movements.
