Table of Contents
Gold Rate Today 05 November in Mumbai, Delhi, Chennai, Kolkata: Here are the latest gold, silver rates in your city
Gold and Silver Rates Today 05 November
Gold Rate Today : The price of 24 carat gold in India was Rs 78,510 per 10 grams on November 05. The price of 24 carat gold is Rs 7,851 per gram. The price of 22 carat gold was Rs 71,968 per 10 grams.
The price of 24 carat gold has fallen by 0.77% in the last one week, while the yellow metal has gained 0.15% in the last ten days. Silver is currently at Rs 95,710 per kg.
Experts on gold and silver outlook
Commenting on the gold outlook, Jatin Trivedi, Vice President Research Analyst – Commodity & Currency, LKP Securities said gold found support around $2,730 on Comex but struggled to move above $2,750, leading to volatility in gold prices. With the US election results due in the next two days, market participants are expected to have mixed sentiments, resulting in a range bound session between Rs 78,000 and Rs 79,000 on MCX
After the election results are announced, gold may see a decisive move of around Rs 1,000-1,500 in the coming days. The key support levels lie between Rs 78,000-77,800, while resistance lies at Rs 79,000-79,175.
Why is gold a safe investment?
Gold is widely viewed as a safe-haven investment, offering protection against monetary expansion and helping preserve currency value. As central banks expand the money supply, gold acts as a hedge against potential currency devaluation, making it a reliable asset in uncertain economic conditions.
Its resilience to inflation adds to its attractiveness.
As the cost of living rises, gold’s value often follows suit, protecting investors from inflationary pressures.
In an economic downturn, gold typically outperforms other assets, helping protect portfolios from devaluation and providing a buffer against financial instability. Gold Price in Mumbai on November 05 The price of this shiny metal in Mumbai on November 05 was Rs 78,510 per 10 grams. On November 04, the price of gold was Rs 78,890 per 10 grams. Seven days ago, on October 29, gold was trading at Rs 79,340 per 10 grams. Silver price in Mumbai on November 05
On November 05, glittering silver was selling at Rs 94,360 per kg in Mumbai. While on November 04, the metal was priced at Rs 95,590 per kg and a week ago the price was Rs 98,860 per kg.
Gold price in Kolkata on November 05
In Kolkata, the price of 24 carat gold was trading at Rs 78,410 per 10 grams today on November 05. The glittering metal was selling at Rs 78,780 per 10 grams on November 04 and last week it was quoted at Rs 79,240 per 10 grams.
Silver price in Kolkata on November 05
Silver price in Kolkata today was Rs 94,240 per kg. On November 04, the price of silver was Rs 95,460 per kg. Last week, this price was trading at Rs 98,730 per kg.
Gold price in Delhi on November 05
On November 05, gold was trading at Rs 78,380 per 10 grams. On Tuesday, November 04, gold was quoted at Rs 78,750 per 10 grams.
While the price of 999 gold was selling at Rs 79,210 per 10 grams a week ago.
Silver price in Delhi on November 05
On November 05, the price of silver in Delhi was Rs 94,200 per kg. On November 04, the price of silver was Rs 95,430 per kg. Last week, the price of silver was quoted at Rs 98,690 per kg.
Gold Rate in Chennai on 05 November
Today on 05 November, the price of gold in Chennai was Rs 78,740 per 10 grams. On Monday 04-11-2024, the price of gold was Rs 79,120 per 10 grams. On 29 October or a week ago, the price of gold in Chennai was Rs 79,580 per 10 grams.
Silver Rate in Chennai on 05 November
Today on 05 November, the price of silver in Chennai is Rs 94,640 per kg. On 04 November, the price of silver was Rs 95,870 per kg. A week ago, silver was available to customers in Chennai at a price of Rs 99,150 per kg.
MCX Futures on 05 November
MCX futures contracts for gold expiring December 2024 were quoted at Rs 78,400 per 10 grams, down by Rs 467. While on MCX futures, silver futures contracts for December 2024 expiry were trading lower by Rs 1257 at Rs 94,226 per kg.