If you’ve been waiting for the perfect moment to buy gold or silver, today might be your golden opportunity! On the morning of November 7, 2024, both gold and silver prices saw a significant drop across the Indian bullion market, bringing much-needed relief for buyers.
Gold Prices at a Glance
Despite the dip, 24-carat gold remains above Rs 76,000 per 10 grams, while silver is holding at over Rs 90,000 per kg. According to the India Bullion and Jewelers Association (IBJA), the latest rates for 24-carat gold with 999 purity stood at Rs 78,136 per 10 grams on Wednesday evening. As buyers look for attractive rates, knowing the latest prices for different gold purities—22K, 18K, and 14K—is essential for informed decisions.
Today’s Rates for Gold (November 7, 2024)
The official rates as per ibjarates.com are as follows:
- 24-carat (999 purity): Rs 76,249 per 10 grams
- 22-carat (916 purity): Rs 70,125 per 10 grams
- 18-carat (750 purity): Rs 57,417 per 10 grams
- 14-carat (585 purity): Rs 44,785 per 10 grams
- Silver (999 purity): Rs 90,153 per kg
The drop in prices is indeed significant, with 999 purity gold now cheaper by Rs 1,580 and 995 purity gold down by Rs 1,574 compared to November 6. Even 14K gold has seen a reduction of Rs 925, while silver has taken a plunge by Rs 2,748 per kg.
