DDA opens bookings for 445 Delhi flats, prices start at Rs 43 lakh

On November 6, gold rates held steady in India with a marginal upward trend, after peaking earlier in the year due to global uncertainty and domestic policies. In India, 10 gram 24 carat gold was priced at Rs 1,46,030, while 18 and 22 carat gold were priced at Rs 1,09,530 and Rs 1,33,860, respectively. The US midterm elections concluded a period of uncertainty, which had previously contributed to the drop in gold prices.

However, some investors remained cautious, monitoring the potential end to the Iran conflict and its impact on oil prices and inflation. International gold prices decreased by 0.68% to around $4,060 an ounce, while silver hovered near $52. At 02:46 GMT, US gold futures were trading 0.91% below their previous close at $4,075.90 an ounce, and silver fell 0.68% to $53.02 an ounce.

On Dhanteras, gold prices in India continued to reflect investor sentiment, with futures for December 4 settling at Rs 1,42,192 against the previous close of Rs 1,44,095. As Hindu households celebrated Dhanteras, they often purchased metal objects, such as gold and silver idols, utensils, brass Ganesh or Lakshmi idols, gold-plated items, or coins and jewelry.

Digital gold investments began at Rs 10, with the option to increase investments over time or convert digital gold into physical coins or cash at prevailing market rates. Investors could also acquire Gold ETFs, passive investment instruments tied to the price of physical gold in India.