Gold Prices: Traditionally, during the festive season, the prices of gold tend to rise, especially around Diwali and Dhanteras. This happens because many people in India choose to buy gold primarily during these festivals.
As we approach Diwali and Dhanteras this year, the gold prices have shown significant fluctuations. Over the past few months, there had been a consistent decrease in gold prices. However, in the last few days, gold prices have been on the rise, and now they seem to have stabilized.
As of Wednesday, October 10th, gold prices have settled after a period of volatility in the bullion market. While gold prices have become stable today, the prices of silver, on the other hand, have experienced a rapid decline.
Gold prices have remained stable today, with 10 grams of 24-carat gold priced at INR 57,360, while 10 grams of 22-carat gold is priced at INR 54,630. Interestingly, the prices have remained consistent since Wednesday, October 10th.
In contrast, silver prices had been increasing over the past few days. However, today, there has been a significant drop in the price of silver, with a drop of INR 500 in one day. As of now, silver is trading at INR 75,000 per kilogram, while it was priced at INR 75,500 per kilogram just a day ago.