Gold and Silver Prices Stable as Wedding Season Approaches: Experts Predict Potential Rise

The bullion market is seeing fluctuations in gold and silver prices, with values rising and falling almost daily. As we approach the wedding season, many are keeping a close watch on precious metal prices, anticipating that the demand will cause a spike. On October 6, domestic gold and silver prices are stable, offering some relief to those planning purchases for upcoming celebrations.

Currently, the price of 10 grams of 22-carat gold stands at ₹71,200, while 10 grams of 24-carat gold is priced at ₹77,670. These prices, however, can change during the day as they are recorded as of 6 am. Let’s take a look at the current prices across major cities in India:

• Chennai: 22-carat gold at ₹71,200 and 24-carat gold at ₹77,670 for 10 grams.
• Mumbai: 22-carat gold at ₹71,200 and 24-carat gold at ₹77,670 for 10 grams.
• Delhi: 22-carat gold at ₹71,350 and 24-carat gold at ₹77,820 for 10 grams.
• Hyderabad: 22-carat gold at ₹71,200 and 24-carat gold at ₹77,670 for 10 grams.
• Vijayawada: 22-carat gold at ₹71,200 and 24-carat gold at ₹77,670 for 10 grams.
• Kerala: 22-carat gold at ₹71,200 and 24-carat gold at ₹77,670 for 10 grams.
• Bengaluru: 22-carat gold at ₹71,200 and 24-carat gold at ₹77,670 for 10 grams.
• Kolkata: 22-carat gold at ₹71,200 and 24-carat gold at ₹77,670 for 10 grams.

While gold prices remain stable today, the silver market is also holding steady. Currently, the price of silver per kilogram is ₹97,000, reflecting a notable increase from yesterday’s price of ₹94,900. This recent surge suggests a growing demand that could continue to influence prices in the days ahead.

Bullion market experts predict a further rise in gold and silver prices as the wedding season approaches. This anticipated hike is due to increased demand as families prepare for celebrations. Buyers are advised to stay informed of price movements to make timely investments. With prices likely to rise, today’s stability might present an opportune moment for those looking to purchase gold and silver for personal or investment purposes.

As the festive season continues to unfold, the bullion market will be one to watch, with every fluctuation potentially impacting future trends. Stay tuned for updates on gold and silver prices, as even slight changes can influence both buyers and investors in this high-demand season.