Gold Prices Drop Just in Time for Diwali: A Win for Buyers!

This Diwali season brings a small but uplifting change for buyers as gold prices witness a decline. As of Monday, the price of 24-carat gold has dropped by Rs 10, making it more accessible during this festive period.

Current Gold and Silver Prices

In the latest updates, ten grams of 24-carat gold are priced at Rs 1,30,850. Additionally, the cost of silver also saw a dip, falling by Rs 100, with one kilogram now trading at Rs 1,71,900. Furthermore, the 22-carat gold is currently available at Rs 1,19,940 for 10 grams, providing an opportunity for many who are looking to purchase gold this Diwali.

Regional Price Variations

Price variations are observed across different cities. In Mumbai and Kolkata, 10 grams of 24-carat gold are being sold at Rs 1,30,850, closely followed by Chennai at Rs 1,30,900 and Delhi at Rs 1,31,000. The continued fluctuation in the prices offers insight into the dynamic gold market, inherently influenced by purchasing trends and demand during festivals.

This price drop not only makes gold purchases more feasible for buyers but also adds to the celebratory spirit of the festival, allowing families to partake in traditional gifting without the financial strain.