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Gold Rate Today: Gold prices in India have displayed significant volatility in recent times. After surging to an all-time high in early October, around Rs 132,770 per 10 grams (24K), gold prices dipped in the last two weeks of the month.
However, yellow metal prices in India experienced a mild correction on Saturday, November 1, due to the recent US Fed rate cut and uncertainty about future policy moves, which triggered a tug-of-war between bulls and bears, according to GoodReturns.
As a new week begins, all eyes will be on gold price fluctuations between November 3 and 8 to determine the precious metal’s future trajectory.
Gold is considered an ideal inflation hedge, with 24-carat gold being the most expensive form of gold, and it is commonly used for investment purposes. In contrast, 22-carat gold and 18-carat gold are primarily utilised for jewellery.
The price of gold in India today is Rs 12,317 per gram for 24-karat gold, an increase of Rs 17, and Rs 11,290 per gram for 22-karat gold, an uptick of Rs 15. Meanwhile, it’s Rs 9,238 per gram for 18-karat gold, an increase of Rs.
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