Gold price Update: The Indian bullion market experienced great fervour during Dhanteras and Diwali. On this day, there are significant gold and silver purchases. An estimate states that the selling of gold and silver this Dhanteras and Diwali has shattered all previous records.
Actually, it is highly lucky to purchase gold and silver during Dhanteras and Diwali.
As a result, there was a lot of excitement among those who purchased gold and silver.
In reality, the cost of gold and silver continued to decline prior to Dhanteras and Diwali.
Following this, the price of silver was at Rs. 55600 per kilogramme and the price of gold was about Rs. 50000 for every 10 kilos.
Gold was decreasing by Rs. 6100 and silver by Rs. 24,400 from its all-time high.
Along with holidays, the rate is not released on Saturday-Sunday
It is noteworthy that the Indian Bullion Jewelers Association (IBJA) does not release rates on Saturdays and Sundays except on holidays declared by the central government.
At the same time, silver was cheaper by Rs 712 and closed at Rs 55555 per kg. Whereas on the last trading day on Thursday, silver became costlier by Rs 661 per kg and closed at Rs 56267 per kg.
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
