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Gold and Silver Prices Update: Diwali Demand Influences Market Fluctuations

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As the festive season of Diwali draws near, the demand for gold and silver continues to rise, causing noticeable fluctuations in market prices. After witnessing an increase yesterday, both gold and silver prices have seen a drop today, offering much-needed relief to consumers ahead of the celebrations. Compared to prices on October 24, the price of gold has decreased today, October 25.

Current Gold Prices:

  • In Hyderabad, the price of 22-carat gold stands at ₹72,840 per 10 grams, while 24-carat gold is priced at ₹89,460.
  • In Visakhapatnam and Vijayawada, the rates mirror those in Hyderabad, with 22-carat gold at ₹72,840 and 24-carat gold at ₹79,460.
  • In the capital city, Delhi, 22-carat gold is priced at ₹72,990 and 24-carat gold at ₹79,610.
  • Mumbai shows similar prices with 22-carat gold at ₹72,840 and 24-carat at ₹79,460.
  • Chennai has prices aligned with the above cities, where 22-carat gold is ₹72,840 and 24-carat gold is ₹79,460.
  • In Bengaluru, the prices are the same as those in Hyderabad: 22-carat gold at ₹72,840 and 24-carat gold at ₹79,460.

Current Silver Prices:

The silver market is also witnessing price movements. As of today:

  • The price of silver per kg in Hyderabad is ₹1,09,900.
  • In Vijayawada and Visakhapatnam, silver prices are similarly at ₹1,09,900.
  • Delhi, Mumbai, and Bengaluru report silver prices at ₹1,01,900, while Bengaluru sees a slight difference with ₹1,01,100.
  • Chennai has silver priced at ₹1,09,900.

This fluctuation in prices is typical as demand increases during the festive season, with consumers eager to purchase gold and silver for Diwali celebrations. As we progress through the festive period, it’s advisable for buyers to stay informed about the latest price trends.

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