Great News for Gold Buyers This Diwali: Prices Drop!

This Diwali season brings a much-needed respite for gold buyers, as the price of 24-carat gold has decreased by Rs 10 in early trade on Monday. Currently, gold is priced at Rs 1,30,850 for ten grams, according to findings from the GoodReturns website.

Market Updates on Precious Metals

Alongside gold, silver has also seen a reduction in its market price, dropping by Rs 100, with one kilogram now trading at Rs 1,71,900. The decline in prices for both precious metals offers an encouraging development for buyers looking to invest or purchase during the festive season.

Regional Price Variations

The price of 22-carat gold has also seen a minor drop of Rs 10, currently priced at Rs 1,19,940 for ten grams. Prices vary slightly across major cities like Mumbai and Kolkata, where 10 grams of 24-carat gold is priced at Rs 1,30,850, while Chennai has it at Rs 1,30,900. Delhi prices stand at Rs 1,31,000.

This small but significant decrease in the price of gold and silver has the potential to invigorate the festive shopping spirit among consumers, particularly during Diwali, when gold purchases are traditionally favored.