Gold Price update: Today is Diwali. It is lucky to purchase gold and silver on this day. There is currently a lot of enthusiasm among gold and silver buyers. Prior to this, people made significant purchases of gold and silver on Dhanteras. An estimate states that the selling of gold and silver this Dhanteras and Diwali will shatter all previous records.
There is excellent news for gold and silver buyers on Diwali. Prior to Dhanteras and Diwali, gold and silver have consistently decreased in price. Following this, gold closed at about Rs. 50000 for every 10 grammes, and silver even fell below Rs. 55600 for every kilogramme. Since its peak, silver has decreased by 24400 rupees and gold by 6100 rupees respectively.
Saturday and Sunday do not see rate releases.
It is noteworthy that the Indian Bullion Jewelers Association (IBJA) only releases rates on holidays declared by the national government and not on Saturdays and Sundays.
The price of gold and silver on Friday was as follows.
As a result, gold lost Rs 166 in price per ten kilos and finished Friday at Rs 50062. In contrast, gold dropped in price by Rs. 8 per ten grammes on Thursday’s final trading day, closing at Rs. 50228 per gramme.
Silver, on the other hand, dropped by Rs 712 and ended the day at Rs 55555 per kilogramme. The price of silver increased by Rs. 661 per kg and concluded at Rs. 56267 on Thursday, the last trading day.
Rate of 22 Carat Gold Price Per Gram in India
The rate of Gram 22K karat gold on Saturday is ₹4,700 per 1 gram while the rate of gold on Friday is 4625 per 1 gram.
The rate of Gram 22K karat gold on Saturday is ₹37,600 per 8 gram while the rate of gold on Friday is ₹37,000 per 8 gram.
The rate of Gram 22K karat gold on Saturday is ₹₹47000 per 10 gram while the rate of gold on Friday is ₹₹46,250 per 10 gram.
The rate of Gram 22K karat gold on Saturday is ₹₹470000 per 100 gram while the rate of gold on Friday is ₹₹4,62,500 per 100 gram.
Rate of 24 Carat Gold Price Per Gram in India
The rate of Gram 24K karat gold on Saturday is ₹₹5,128 per 1 gram while the rate of gold on Friday is ₹5,045 per 1 gram.
The rate of Gram 24K karat gold on Saturday is ₹41204 per 8 gram while the rate of gold on Friday is ₹40,360 per 8 gram.
The rate of Gram 24K karat gold on Saturday is ₹51280 per 10 gram while the rate of gold on Friday is ₹50,450 per 10 gram.
The rate of Gram 24K karat gold on Saturday is ₹521800 per 100 gram while the rate of gold on Friday is ₹5,04,500 per 100 gram.
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.
Gold Price and Silver Price in major cities
Gold Silver Rate in Delhi
22ct Gold : Rs. 47,150, 24ct Gold : Rs. 51440, Silver Price : ₹57,700/kg
Gold Silver Rate in Mumbai
22ct Gold : Rs. 47000, 24ct Gold : Rs. 51280, Silver Price : ₹57,700/kg
Gold Silver Rate in Kolkata
22ct Gold : Rs. 47000, 24ct Gold : Rs. 51280, Silver Price : ₹57,700/kg
Gold Silver Rate in Hyderabad
22ct Gold : Rs. 47000, 24ct Gold : Rs. 51280, Silver Price : ₹57,700/kg
Gold Silver Rate in Bangalore
22ct Gold : Rs. 470500, 24ct Gold : Rs. 513300, Silver Price : ₹57,700/kg
Gold Silver Rate in Mangalore
22ct Gold : Rs. 470500, 24ct Gold : Rs. 513300, Silver Price : ₹57,700/kg
Gold Silver Rate in Ahmedabad
22ct Gold : Rs. 470500, 24ct Gold : Rs. 513300, Silver Price : Rs. 57700/kg
Gold Silver Rate in Surat
22ct Gold : Rs. 470500, 24ct Gold : Rs. 513300, Silver Price : ₹57,700/kg
Gold Silver Rate in Nagpur
22ct Gold : Rs. 47030, 24ct Gold : Rs. 51310, Silver Price : ₹57,700/kg
Gold Silver Rate in Pune
22ct Gold : Rs. 45490, 24ct Gold : Rs. 50710, Silver Price : ₹57,700/kg
Gold Silver Rate in Bhubaneswar
22ct Gold : Rs. 46460, 24ct Gold : Rs. 50680, Silver Price : ₹57,700/kg
Gold Silver Rate in Chandigarh
22ct Gold : Rs. 7150, 24ct Gold : Rs. 51440, Silver Price : ₹57,700/kg
Gold Silver Rate in Jaipur
22ct Gold : Rs. 7150, 24ct Gold : Rs. 51440, Silver Price : ₹57,700/kg
Gold Silver Rate in Lucknow
22ct Gold : Rs. 7150, 24ct Gold : Rs. 51440, Silver Price : ₹57,700/kg
Gold Silver Rate in Patna
22ct Gold : Rs. 47030, 24ct Gold : Rs. 51310, Silver Price : ₹57,700/kg