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Gold Price update: Gold, silver rates up: Buy gold without burning a hole in your pocket!

Gold Price update: The gold shopping on Diwali has crossed all the previous records on Diwali and Dhanteras. On Thursday gold became costlier by Rs 40 and silver by Rs 115. After this rise, gold is selling near Rs 50800 and silver around Rs 56000. However, gold is still getting cheaper than its all-time high […]

Edited By : Divya Richa | Updated: Oct 27, 2022 16:43 IST
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Gold Silver Price Today
Gold Silver Price Today

Gold Price update: The gold shopping on Diwali has crossed all the previous records on Diwali and Dhanteras. On Thursday gold became costlier by Rs 40 and silver by Rs 115.

After this rise, gold is selling near Rs 50800 and silver around Rs 56000. However, gold is still getting cheaper than its all-time high by Rs 5400 per 10 grams and silver at Rs 22000 per kg.

Gold and Silver rate on IBJA

The Indian Bullion Jewelers Association (IBJA) website reports that on the fourth Thursday (27 October) of current trading week, gold increased in price by Rs 40 per ten kilos and opened at Rs 50791. In contrast, gold increased in price by Rs 307 per ten grammes on Wednesday’s final trading day, closing at Rs 50751 per gramme.

On the other hand, silver increased in price today by Rs 115 per kg and started out at Rs 57966 per kg. On the other hand, on Wednesday’s final trading day, silver decreased by Rs. 1255 and concluded at Rs. 57851 per kg.

Gold Price and Silver Price in major cities

Delhi

22ct Gold : Rs. 47250, 24ct Gold : Rs. 51530, Silver Price : Rs. 58300

Mumbai

22ct Gold : Rs. 47100, 24ct Gold : Rs. 51280, Silver Price : Rs. 58300

Kolkata

22ct Gold : Rs. 47100, 24ct Gold : Rs. 51280, Silver Price : Rs. 58300

Chennai

22ct Gold : Rs. 47450, 24ct Gold : Rs. 51760, Silver Price : Rs. 63500

Hyderabad

22ct Gold : Rs. 47100, 24ct Gold : Rs. 51280, Silver Price : Rs. 63500

Bangalore

22ct Gold : Rs. 47150, 24ct Gold : Rs. 51430, Silver Price : Rs. 58300

Mangalore

22ct Gold : Rs. 47150, 24ct Gold : Rs. 51430, Silver Price : Rs. 63500

Ahmedabad

22ct Gold : Rs. 47150, 24ct Gold : Rs. 51430, Silver Price : Rs. 58300

Surat

22ct Gold : Rs. 47150, 24ct Gold : Rs. 51430, Silver Price : Rs. 58300

Nagpur

22ct Gold : Rs. 47130, 24ct Gold : Rs. 51310, Silver Price : Rs. 58300

Pune

22ct Gold : Rs. 47130, 24ct Gold : Rs. 51310, Silver Price : Rs. 58300

Bhubaneswar

22ct Gold : Rs. 46250, 24ct Gold : Rs. 50450, Silver Price : Rs. 61500

Chandigarh

22ct Gold : Rs. 47250, 24ct Gold : Rs. 51530, Silver Price : Rs. 58300

Jaipur

22ct Gold : Rs. 47250, 24ct Gold : Rs. 51530, Silver Price : Rs. 58300

Lucknow

22ct Gold : Rs. 47250, 24ct Gold : Rs. 51530, Silver Price : Rs. 58300

Patna

22ct Gold : Rs. 47130, 24ct Gold : Rs. 51310, Silver Price : Rs. 58300

Three reason for Gold investment:

The first is that gold prices would rise as soon as there was political unrest or economic catastrophe. Unfortunately, you would be depressed if you had not made an investment in the same. Gold is therefore an obvious choice if you need to spread out your investment.

Second reason for purchasing gold: It has been a great inflation hedge. For instance, gold prices in India have tripled during the past 8–10 years. You have received better returns from them than even fixed interest-bearing instruments, thus. There is therefore no need for you to refrain from investing in precious metal.

Third: The very fact that it is liquid. For instance, you may use this priceless metal as collateral for loans. Many people today are eager to purchase gold that has been hypothecated. So continuing to invest is not a bad idea. It cannot be disputed at all that it has withstood the test of time.

First published on: Oct 27, 2022 04:40 PM IST

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