Gold-Silver Price Today: Gold became cheaper by five thousand rupees! Now is the best time to shop during the festive season

Gold-Silver Price Today:The festive season has started in India. Wedding season will also start from November. In such a situation, if you want to buy gold and silver jewellery, now is the best time. Even during Pitru Paksha, the price of gold has fallen by around Rs 5000 per 10 grams in the last five months. That means there has been a decline of about 8.14 percent in the price of gold. Let us tell you that in the last seven days the price of gold has fallen by about Rs 2577. If compared with May 5, 2023, on that day gold was at Rs 61,646 per 10 grams, which according to the data of India Bullion and Jewelers Association has come down to Rs 56,627 per 10 grams on October 4, 2023. This simply means that in the last five months the price of gold has come down by Rs 5019 per 10 grams from its high.

what is today’s price

According to GoodReturns, the price of gold for each gram of 22 and 24 carat metal fell by Re 1 on Thursday. According to the website, buyers will have to pay ₹5259 for one gram of 22K gold, ₹42,072 for eight grams, ₹52,590 for 10 grams and ₹5,25,900 for 100 grams. Similarly, one gram of 24K gold comes at ₹5737, eight grams at ₹45,896, while 10 grams and 100 grams are priced at ₹57,370 and ₹5,73,700 respectively. Meanwhile, according to GoodReturn, silver prices are lower by ₹0.30 per gram. The price of one gram of silver is ₹70.70, the price of eight grams is ₹565.60, the price of 10 grams is ₹707, while the price of 100 grams is ₹7070 and the price of 1 kilogram is ₹70,700.

gold price

city ​​22 carat 24 carat

Ahmedabad ₹52,650 ₹57,430

Bengaluru, Hyderabad ₹52,590 ₹57,370

Kolkata, Mumbai ₹52,590 ₹57,370

Chennai ₹52,850 ₹57,650

Delhi ₹52,750 ₹57,530

Gold and silver futures prices fall due to weak spot demand

Amid weak spot demand, speculators reduced the size of their deals, due to which the price of gold fell by Rs 89 to Rs 56,838 per 10 grams in futures trade on Wednesday. At the same time, due to traders reducing the size of their deals, the price of silver fell by Rs 128 to Rs 67,266 per kg in futures trade on Wednesday. On the Multi Commodity Exchange, the price of the contract for delivery in December fell by Rs 89, or 0.16 percent, to Rs 56,838 per 10 grams. 15,663 lots were traded in this. Market analysts said that gold futures prices fell due to trimming of their deals by traders. Globally, gold fell by 0.17 percent to $ 1,838.40 an ounce in New York. Whereas, on the Multi Commodity Exchange, the price of silver contract for delivery in December fell by Rs 128, or 0.19 percent, to Rs 67,266 per kg. In this, 29,024 lots were traded. Globally, silver price in New York fell by 0.48 percent to $ 21.28 an ounce.

How to identify the purity of gold

The purity of gold can be determined on the basis of carat. BIS Hallmark has been started by the government to measure the purity of gold. In this, more carat means more pure gold. Gold is divided into 24K, 22K and 18K carat. 24K gold is considered to be the purest. There is no adulteration of any kind in it. 22K gold consists of two parts metals like silver, zinc, nickel and the remaining part is gold. Most jewelery is made in 22k gold only. At the same time, 75 percent of 18K gold is gold. The remaining 25 percent is made up of other metals.

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