Dhanteras, marking the beginning of Diwali, is considered an auspicious occasion for buying gold and silver. During festivals, most Indians aim to purchase gold, believing it brings good fortune and prosperity.

Gold prices witnessed a decline on Tuesday, with 24-carat gold dropping to Rs 79,963 per 10 grams and 22-carat gold slipping to Rs. 73,313 per 10 grams. According to media reports, 24-carat gold prices have declined 0.82% over the past week and 3.6% over the last month. The price of silver stands at Rs. 101,000 per kg.

Gold And Silver Rates In Different Cities

Delhi – Today’s gold price in Delhi is Rs 79,963 for 10 grams, down from Rs 80,463 yesterday. Delhi’s silver price dropped to Rs 1,01,000 per kg today, compared to Rs 1,01,100 per kg on October 28, 2024.

Chennai – Chennai’s gold rate drops to ₹79,811 per 10 grams, compared to ₹80,311 on October 28, 2024. Chennai’s silver rate drops to ₹109,600 per kg, compared to ₹109,700 on October 28, 2024.

Mumbai – The current gold price in Mumbai stands at Rs 79,817 for 10 grams, reflecting a decrease of Rs 500 from the previous day. Mumbai’s silver rate drops to ₹100,300 per kg, compared to ₹100,400 on October 28, 2024.

Kolkata – Kolkata’s gold rate drops to Rs 79,815 per 10 grams, compared to Rs 80,315 on October 28, 2024. Kolkata’s silver rate drops to ₹101,800 per kg, compared to ₹101,900 on October 28, 2024.

Notably, Gold and Silver prices fluctuate due to multiple factors, including expert insights from reputable jewellers. Gold prices are influenced by several key factors, including global demand, currency fluctuations, interest rates, and government regulations on gold trade. The Indian gold market is heavily influenced by international factors, particularly the state of the global economy, fluctuations in the US dollar’s value, and this time with festival cheers.