Overview
- On November 7, 24K gold traded at Rs 12,202 per gram, down Rs 55.
- 22K stood at Rs 11,185 per gram, down Rs 50, while 18K was Rs 9,152, down Rs 41.
- Rates were broadly uniform across major centers at Rs 12,202 for 24K, with Chennai highest at Rs 12,295 and Delhi at Rs 12,217.
- Vadodara and Ahmedabad recorded a slight uptick to Rs 12,207 for 24K, Rs 11,190 for 22K, and Rs 9,157 for 18K.
- Market reports describe a mild correction after recent swings, with gold viewed as an inflation hedge and 24K favored for investment while 22K and 18K serve jewellery demand.