Is gold getting pricier before Diwali? Check today’s gold and silver rates
The prices of gold and silver recorded a modest increase today, continuing their steady climb as the festive season draws near.
Gold price today in India
As of 8:00 am, the price of 24-carat gold stands at ₹1,29,450 per 10 grams, showing a small rise from yesterday.
On a per-gram basis, 24-carat gold costs ₹12,945, while 22-carat gold is priced at ₹11,866 per gram, and 18-carat gold is available at ₹9,709 per gram.
Gold prices in major cities
City | 24 K | 22 K | 18 K |
Delhi | ₹12,960 | ₹11,881 | ₹9,724 |
Mumbai | ₹12,945 | ₹11,866 | ₹9,709 |
Chennai | ₹12,939 | ₹11,861 | ₹9,801 |
Kolkata | ₹12,945 | ₹11,866 | ₹9,709 |
Bengaluru | ₹12,945 | ₹11,866 | ₹9,709 |
Hyderabad | ₹12,945 | ₹11,866 | ₹9,709 |
Thiruvananthapuram | ₹12,945 | ₹11,866 | ₹9,709 |
Gold continues to hold great importance in Indian households, not only as jewellery for festivals and weddings but also as a trusted investment.
Experts note that domestic gold rates are influenced by both local demand and international market conditions, including global gold prices and the movement of the Indian Rupee against the US Dollar.
Silver price today in India
Silver is currently priced at ₹1,90,100 per kilogram.
Like gold, silver remains a favourite among jewellery buyers and investors. Its price depends on international market trends, industrial demand, and the seasonal surge in purchases during weddings and festivals.
What influences gold and silver prices?
Several factors continue to play a key role in determining gold and silver prices in India:
- Global trends: International demand, supply, and investor sentiment all impact prices. Precious metals often become more expensive during periods of global instability or conflict.
- Currency exchange: A weaker Indian Rupee against the U.S. Dollar tends to push domestic prices higher, as both gold and silver are largely imported.
- Local demand: Demand typically rises during the festive and wedding seasons, especially around Dhanteras and Diwali.
- Central Bank policies: Decisions made by the Reserve Bank of India (RBI) on interest rates, inflation control, and foreign reserves can also influence the market.
Tips for buyers and investors
Before purchasing gold or silver, it is important to keep these points in mind:
- Always check for BIS Hallmark certification to confirm purity.
- Compare rates from multiple jewellers before buying.
- Request proper billing and weight documentation for every purchase.
- Track daily price updates to identify the right time to buy.