Gold Rate Today, November 7, 2024: Donald Trump's Return as US President Causes Decline in Gold Prices, Check Prices of Yellow Metal in Mumbai, Bengaluru, Chennai and Other Metro Cities
The sudden decline in gold prices came as an initial reaction to Donald Trump's victory speech after winning US presidential election 2024. Experts also said that the rate of gold will be under pressure for the next seven to 10 days. Besides the US election results, the association said that a subdued demand from jewellers and retailers also impacted gold prices
Mumbai, November 7: Republican candidate and former US president Donald Trump's return as the 47th President of the United States in the recently concluded US Elections 2024 reportedly caused a decline in gold prices on Wednesday, November 6. Notably, the prices of the yellow metal fell by INR 500 per 10 gm to INR 78,100 in the physical market. Similarly, the All India Sarafa Association also said that gold prices fell by INR 150 to INR 81,150 per 10 grams in Delhi on Wednesday, November 6, when the counting of ballots for the US Presidential Election took place. The sudden decline in gold prices came as an initial reaction to Donald Trump's victory speech after winning the US presidential election 2024.
Experts also said that the rate of gold will be under pressure for the next seven to 10 days. Besides the US election results, the association said that a subdued demand from jewellers and retailers also impacted gold prices. So, what is the rate of gold today? According to Good Returns, gold is priced at INR 7,366 per gram for 22-karat gold and INR 8,036 per gram for 24-karat gold in India today, November 7. Similarly, the price of 18-karat gold is INR 6,027 per gram. So, if you are planning to buy, scroll down below to know the prices of the yellow metal in Mumbai, Delhi, Kolkata, Ahmedabad and other metro cities. Gold Falls Rs 150 to Rs 81,150 Per 10 Gm; Silver Flat.
Check Prices of Gold (Per Gram) in Metro Cities Today
| City | 22 Carat Gold Rate on November 7 | 24 Carat Gold Rate on November 7 |
| Delhi | INR 7,381 | INR 8,051 |
| Mumbai | INR 7,366 | INR 8,036 |
| Ahmedabad | INR 7,371 | INR 8,041 |
| Chennai | INR 7,366 | INR 8,036 |
| Kolkata | INR 7,366 | INR 8,036 |
| Gurugram | INR 7,381 | INR 8,051 |
| Lucknow | INR 7,381 | INR 8,051 |
| Bengaluru | INR 7,366 | INR 8,036 |
| Jaipur | INR 7,381 | INR 8,051 |
| Patna | INR 7,371 | INR 8,041 |
| Bhubaneshwar | INR 7,366 | INR 8,036 |
| Hyderabad | INR 7,366 | INR 8,036 |
In addition to gold, the rate of silver across the country today, November 7, is INR 95.90 per gram and INR 95,900 per kilogram. According to reports, gold prices experienced intense volatility as the outcome of the US Presidential election 2024 bolstered the dollar index.
(The above story first appeared on LatestLY on Nov 07, 2024 09:09 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).