Gold, Silver Prices Surge! SEBI Issues 'Digital Gold' Alert – Full Rates for Delhi, Mumbai, Kolkata!

Prices of gold and silver saw updates on November 10, 2023, impacting consumers and investors across major Indian cities like Delhi, Mumbai, and Kolkata. For 10 grams, 24-carat gold is priced at Rs 1,22,010, 22-carat gold at Rs 1,11,840, and 18-carat gold at Rs 91,510.

Alongside these price movements, the Securities and Exchange Board of India (SEBI) has issued a warning regarding investments in 'digital gold'. This alert highlights potential risks associated with digital gold products, urging investors to exercise caution and perform due diligence before investing.

Impact This news directly impacts investors looking at precious metals, both physical and digital. It informs consumer decisions and can influence demand, potentially affecting prices. For the Indian stock market, companies involved in gold mining, refining, or gold-backed financial products might see indirect effects. SEBI's warning can also shift investor sentiment towards more regulated options, impacting the digital gold market specifically. Impact Rating: 6/10

Difficult Terms: 24K, 22K, 18K Gold: Refers to the purity of gold. 24K is 99.9% pure gold, 22K is 91.67% pure gold (often used in jewellery, mixed with other metals for durability), and 18K is 75% pure gold (also used in jewellery). SEBI: Securities and Exchange Board of India. It is the regulatory body for securities and commodity markets in India. Digital Gold: A way to invest in gold electronically. You can buy and sell gold online, often with the option to have physical gold delivered later or to hold it as a digital asset. Due Diligence: The process of researching and verifying information before making an investment or business decision.