Let me tell you all that all the people living in India are very conscious about gold and silver and they go to buy gold and silver keeping this in mind. Let me tell you all that if you want to buy gold and silver, then it is very valuable for you all because gold has become very cheap right now due to its decline in the wholesale market.
E-Shram Card Payment List: Good news for e-Shram card holders, a new payment list of ₹3000 has been released, check your name in the list.
Let me tell you all that the festival season is going on because you will get to see the festival throughout October 12th. Therefore, all of you are requested to buy as much gold and silver as possible before Dhanteras so that you can avoid the prices becoming expensive because if you buy at low prices, you will also get offers to sell them at higher prices. Let us know today’s latest rates of gold and silver in your cities.
Today’s Gold and Silver Rates
If you’re looking to buy gold and silver these days, you’ll know that the price of gold and silver fluctuates daily. If you’re looking to buy gold, you’ll need to check it on your mobile phone or visit a nearby store to find out.
Delhi: ₹1,10,530/kg
Chandigarh: ₹1,11,100/kg
Mumbai: ₹1,11,320/kg
Hyderabad: ₹1,10,130/kg
Lucknow: ₹1,12,220/kg
Patna: ₹1,11,420/kg
Why did the price of gold and silver fall?
I’ll tell you all that right now is a golden opportunity for anyone who wants to buy more gold. GST on these items has almost been waived, which will benefit you significantly. If you want to buy gold and silver at lower prices, you’ll immediately receive offers to sell them at higher prices. If you want to make more money, you can buy gold and silver with this in mind.
Many factors influence fluctuations in gold and silver prices. Here are some of the key reasons:
Internationally, the interest rate policies of the Federal Reserve (the US central bank) are crucial. Recent expectations of interest rate changes have impacted gold prices.
Strength or weakness of the dollar: When the dollar is weak, gold is generally more expensive, and when the dollar is stronger, gold comes under pressure.
Domestic Demand-Supply: Demand for gold and silver in India fluctuates due to festivals, weddings, and investment demand. If prices reach record highs, some people may sell to make a profit, leading to a decline in prices.
Export-Import, Current Account, and Currency Exchange Rates: Most of the gold in India is imported, so if the rupee weakens, gold will become more expensive.
According to the Indian Bullion and Jewelers Association, the price of gold has decreased by approximately ₹500 today. As a result, gold with 99.9% purity is now trading at approximately ₹97,370 per 10 grams. Gold with 99.5% purity has reached approximately ₹94,500 per 10 grams. The price of silver has not seen much change, and is available at approximately ₹1,11,720 per kg.
Check the latest gold rates in your city
You may have heard that buying gold is becoming increasingly expensive right now, as after the festival season is over, you’ll have to pay the current rate due to Dhanteras.
Delhi: 24 carat ₹97,830/10 grams, 22 carat ₹90,140/10 grams
Chandigarh: 24 carat ₹98,120/10 grams, 22 carat ₹90,130/10 grams
Patna: 24 carat ₹98,730/10 grams, 22 carat ₹90,104/10 grams
Hyderabad: 24 carat ₹98,370/10 grams, 22 carat ₹90,206/10 grams
Mumbai: 24 carat ₹98,130/10 grams, 22 carat ₹90,830/10 grams
Today’s latest silver prices for various cities. Delhi: ₹1,10,531/kg
Chandigarh: ₹1,11,110/kg
Mumbai: ₹1,11,320/kg
Lucknow: ₹1,12,210/kg
Patna: ₹1,11,430/kg