Gold and Silver Prices Drop Ahead of Dhanteras

by Yuki

On the morning of October 24, 2024, gold and silver prices in the Indian bullion market have experienced a notable decline, providing good news for prospective buyers ahead of the Dhanteras festival. Despite the decrease, the price of gold remains above ₹78,000 per 10 grams, specifically at ₹78,161 for gold with 999 purity. Silver, on the other hand, is priced at ₹97,420 for the same level of purity.

Dhanteras, a key shopping occasion for many, sees a surge in gold and silver purchases, as it is traditionally believed to bring prosperity. This year, as prices for these precious metals have risen significantly, the recent dip comes as a welcome change for consumers. According to the India Bullion and Jewelers Association (IBJA), the cost of 24-carat gold was ₹78,692 per 10 grams on Wednesday evening, indicating a decrease of approximately ₹500 since then.

For those considering purchases, the latest rates for various purities of gold are as follows, according to ibjarates:

995 purity gold: ₹77,848 per 10 grams

916 (22 carat) gold: ₹71,596 per 10 grams

750 (18 carat) gold: ₹58,621 per 10 grams

585 (14 carat) gold: ₹45,724 per 10 grams

999 purity silver: ₹97,420

It is important to note that these rates provided by the IBJA do not include taxes or making charges, and they are accepted nationwide.

Regional Price Breakdown

Delhi:

24 carat: ₹80,230 per 10 grams

22 carat: ₹73,560 per 10 grams

Lucknow:

24 carat: ₹80,230 per 10 grams

22 carat: ₹73,560 per 10 grams

Jaipur:

24 carat: ₹80,230 per 10 grams

22 carat: ₹73,560 per 10 grams

Patna:

24 carat: ₹80,130 per 10 grams

22 carat: ₹73,460 per 10 grams

Ahmedabad:

24 carat: ₹80,130 per 10 grams

22 carat: ₹73,460 per 10 grams

Mumbai and Kolkata:

24 carat: ₹80,080 per 10 grams

22 carat: ₹73,410 per 10 grams

As the festival approaches, buyers are encouraged to stay updated on the latest rates to make informed purchasing decisions in this dynamic market.

Related topic:

How Much Does A Gold Futures Contract Cost?

When Do Gold Futures Expire?

7 Steps To Buy Silver Futures Options

Related Articles

blank

Welcome to sorafutures futures portal! Here, we illuminate pathways to tomorrow’s opportunities, equipping you with insights and resources to thrive in an ever-evolving world. With a blend of vision and pragmatism, we empower individuals to navigate uncertainties and seize their future with confidence.

Copyright © 2023 sorafutures.com