Gold and Silver Prices Surge on Dhanteras Celebration

by Yuki

The prices of gold and silver continue to rise, marking a notable increase in the Indian bullion market. On the morning of October 29, 2024, as the festival of Dhanteras is celebrated with enthusiasm across the country, gold has surpassed ₹78,000 per 10 grams, while silver is priced over ₹97,000 per kilogram. The national price for 24-carat gold, with a purity of 999, is currently set at ₹78,846 per 10 grams, and 999 purity silver is priced at ₹97,238. Remarkably, despite the high prices, consumer shopping remains robust.

The price of 24-carat gold was ₹78,245 per 10 grams on the evening of October 28, reflecting a rise to ₹78,846 by this morning.

Current Gold Prices

On the official website ibjarates, the rates for various purities of gold today are as follows:

995 purity gold: ₹78,530 per 10 grams

916 (22-carat) purity gold: ₹72,223 per 10 grams

750 (18-carat) purity gold: ₹59,135 per 10 grams

585 (14-carat) purity gold: ₹46,125 per 10 grams

The price for 999 purity silver remains at ₹97,238 per kilogram.

It is important to note that the rates published by the Indian Bullion Jewelers Association exclude taxes and making charges. These prices are recognized nationwide; however, Goods and Services Tax (GST) is not included.

As the festive and wedding season unfolds in India, demand for gold and silver is increasing, contributing to the rising prices.

Regional Gold Prices

The following are the current gold rates across various cities:

Delhi:

24-carat: ₹79,940 per 10 grams

22-carat: ₹73,290 per 10 grams

Noida:

24-carat: ₹79,940 per 10 grams

22-carat: ₹73,290 per 10 grams

Lucknow:

24-carat: ₹79,940 per 10 grams

22-carat: ₹73,290 per 10 grams

Jaipur:

24-carat: ₹79,940 per 10 grams

22-carat: ₹73,290 per 10 grams

Patna and Ahmedabad:

24-carat: ₹79,840 per 10 grams

22-carat: ₹73,190 per 10 grams

Bhubaneswar:

24-carat: ₹79,790 per 10 grams

22-carat: ₹73,140 per 10 grams

Mumbai:

24-carat: ₹79,790 per 10 grams

22-carat: ₹73,140 per 10 grams

Kolkata:

24-carat: ₹79,790 per 10 grams

22-carat: ₹73,140 per 10 grams

As consumers take advantage of the festive spirit to invest in precious metals, the market remains active amid fluctuating prices.

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