Gold prices fall

NEW DELHI, Nov 10 (Reuters): On the auspicious day of Dhanteras the price of 22-carat gold saw a moderate decline with priced at Rs 5,569 per gram, while larger quantities, such as 8 grams and 10 grams, were priced at Rs 44,552 and Rs 55,700 respectively.
The cost for 100 grams of 22-carat gold stood at Rs 5,56,900. In contrast, 24-carat gold was valued at Rs 6,076 per gram.
These price fluctuations are influenced by a myriad of factors, with input from reputable jewellers being a pivotal component. Global gold demand, currency values in various nations, prevailing interest rates, and government regulations related to gold trade all contribute to these fluctuations. Additionally, global events, including the state of the global economy and the strength of the US dollar in relation to other currencies, exert their influence on gold prices within the Indian market.