Gold falls Rs 3,000 and silver Rs 9,000 on November 1; 24-carat gold at Rs 1,38,880 per 10 grams

There was relief in the gold and silver markets on November 1, with gold prices falling by Rs 3,000 and silver becoming cheaper by Rs 9,000.

In India on November 1, 24-carat gold is priced at Rs 13,888 per gram. The 22-carat variety is at Rs 12,730 per gram and 18-carat gold at Rs 10,416 per gram. Per 10 grams, 22-carat gold costs Rs 1,27,300, 24-carat Rs 1,38,880 and 18-carat Rs 1,04,160.

Prices on the previous day, October 31, were higher. That day, 24-carat gold was Rs 14,225 per gram, 22-carat Rs 13,039 per gram and 18-carat Rs 10,668 per gram. Per 10 grams, 22-carat gold was Rs 1,30,390, 24-carat Rs 1,42,250 and 18-carat Rs 1,06,680.

Silver on November 1 is priced at Rs 200 per gram and Rs 2,00,000 per kg. On October 31, it was at Rs 209.90 per gram and Rs 2,09,900 per kg.

In the cities, 22-carat gold in Mumbai is Rs 1,27,300, 24-carat Rs 1,38,880 and 18-carat Rs 1,04,160 per 10 grams. The same rates apply in Pune, Kolkata, Nagpur, Chennai, Hyderabad, Bengaluru and Kerala.

In Delhi, 22-carat gold is Rs 1,27,450, 24-carat Rs 1,39,030 and 18-carat Rs 1,04,310 per 10 grams. Chandigarh, Lucknow and Jaipur have the same rates.

In Nashik, 22-carat gold is Rs 1,27,330, 24-carat Rs 1,38,910 and 18-carat Rs 1,04,190 per 10 grams. In Surat, 22-carat gold is Rs 1,27,350, 24-carat Rs 1,38,930 and 18-carat Rs 1,04,210 per 10 grams.

These prices do not include GST, TCS and other taxes. Buyers should check the exact rate with their local jeweller.