Golden News for Gold Lovers: Prices Decline Ahead of Diwali Festivities

Golden News for Gold Lovers: Prices Decline Ahead of Diwali Festivities

As the festive season of Diwali draws near, gold lovers have received some golden news! After a substantial increase in gold prices over the last few days, there is now a welcome decline, making it an ideal time for prospective buyers to invest. With the international market’s fluctuations, inflation rates, and the rupee’s depreciation against the dollar playing pivotal roles, let’s take a closer look at the current gold and silver prices.

Current Gold Prices

In recent days, the prices of gold have shown some interesting trends. Just two days ago, 24-carat gold was priced at ₹82,000 per gram, while 22-carat gold was at ₹75,000. However, there has been a slight dip today, which has brought some relief to gold enthusiasts eager to make their purchases ahead of Diwali.

22-Carat Gold Prices:

• Hyderabad: ₹73,590
• Vijayawada: ₹73,590
• Bangalore: ₹73,590
• Mumbai: ₹73,590
• Kolkata: ₹73,590
• Delhi: ₹73,740
• Chennai: ₹73,590

24-Carat Gold Prices:

• Hyderabad: ₹80,280
• Vijayawada: ₹80,280
• Bangalore: ₹80,280
• Mumbai: ₹80,280
• Kolkata: ₹80,280
• Delhi: ₹80,430
• Chennai: ₹80,280

Silver Prices Following Gold

Silver prices are also reflecting a similar downward trend. On Monday, the price of silver dropped by ₹100 per kg, indicating a broader alignment with the fluctuations in gold prices. Here’s a snapshot of the current silver rates:

• Silver per kg in Hyderabad: ₹1,06,900
• Silver per kg in Chennai, Kerala, Vijayawada, and Visakhapatnam: ₹1,06,900
• Silver per kg in Mumbai, Delhi, Kolkata, Pune: ₹97,900
• Silver per kg in Bangalore: ₹96,900

Conclusion

As Diwali approaches, the slight decline in gold prices is indeed a blessing for buyers. With the ongoing fluctuations in the market, now is the perfect time to invest in gold and silver. Whether you’re purchasing jewelry for the festive season or looking for investment opportunities, the current prices make for an attractive proposition. Keep an eye on the market, and happy shopping!