Indian Gold Rates Quoted At Rs. 47,310, On Nov 29

Indian gold prices on November 29 have fallen by only Rs. 10/10 grams, although gold rates gained marginally in the global markets. Today in India, 22 carat gold rates are quoted at Rs. 47,310/10 grams and 24 carat gold rates are quoted at Rs. 48,310/10 grams. However, in cities like Delhi, Bangalore, and Hyderabad gold rates have fallen by Rs. 90-110, in Kolkata gold rates have gained by Rs. 210/10 grams today. The Indian Bullion Jewellers Association (IBJA) today kept gold rates moderate to increase demand in the domestic markets.

Today the Comex gold December futures gained by 0.46% and were quoted at $1793/oz, while the spot gold prices fell by 0.04%, and were quoted at $1793.5/oz till last traded. Yesterday Comex December gold futures closed at $1785/oz. On the other hand, the US dollar index in the spot market stood at 96.19. falling by only 0.01%. Mirroring the same global gold rate trend, in India, the Mumbai MCX gold in February future quoted at Rs. 48,147/10 grams, gained by 0.39%, till last traded.

Gold rates in different Indian cities are quoted differently, daily. Today's gold rates in major Indian cities follow:

City	22 carat (INR/10 Grams)	24 carat (INR/10 Grams)
Mumbai	47,310/-	48,310/-
Delhi	47,100/-	51,380/-
Bangalore	44,950/-	49,040/-
Hyderabad	44,950/-	49,040/-
Chennai	45,380/-	49,505/-
Kerala	44,950/-	49,040/-
Kolkata	47,200/-	49,900/-

Gold and silver, both of these metals have gained marginally in the international spot and future markets. Risk sentiment in the Asia Pacific region has been low overnight, as The Nikkei 225 (-1.63%), ASX (-0.54%), and Shanghai Composite (-0.04%) all struggled in the morning. However, the futures markets in Europe reacted positively. Gold is now heading towards $1800/oz globally.

Many states have imposed restrictions on international tourists, as a new Covid virus has been reported in South Africa. The Indian government has also tagged travels from some countries as 'at risk'. So, concerns about the markets are increasing among investors, and assets classes including gold are rallying the global markets.

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