Gold Rate Today: Price of Gold Drops to Rs. 5738. Check Rates in Your City

Gold Rate Today: Even after Diwali, the phase of falling gold prices has persisted. Over the previous four trading days, the price of gold has been rapidly falling, and it is currently more than Rs 5700 per 10 grams cheaper than it was at its all-time high.

You have a great chance to do so if you also want to buy gold and silver in this situation before the wedding season begins. because silver and gold prices are expected to rise in the coming days, according to experts in the metal industry.

Today, gold has declined by Rs 18 per 10 grams while silver has soared by Rs 850 per kg. The price of silver is currently about Rs. 58200, and the price of gold is currently around Rs. 50462. Currently, gold is down Rs 5700 per 10 g from its peak and silver is about Rs 22600 per kg.

Also Read: Gold Price Today: Prior to Dev Deepawali, Gold Slips from the Seventh Sky; Now Purchase a Tola for Rs. 29,531

Gold and Silver's status on IBJA

According to the website of the Indian Bullion Jewelers Association, the price of gold dropped by Rs 18 per 10g on Tuesday (November 1, Gold Price Update), the first day of the current trading week, and opened at Rs 50462. (IBJA). On Monday's final trading day, gold's price fell by 22 rupees per 10 grams, closing at Rs. 50480 per gram.

Silver's price also increased today, rising by Rs 850 per kg from its opening price of Rs 58200 per kg. On Monday's final trading day, a kilogram of silver cost Rs 57350, down Rs 69 from the day before.

Prices for silver and gold on the MCX

In contrast to the Indian Bullion Jewelers Association (IBJA), gold is trading with a bullish trend on the Multi Commodity Exchange (MCX). On the MCX, the price of gold has risen by Rs. 118 today, hitting Rs. 50,440. While the cost of silver has risen by Rs 984 to Rs. 58,662.

From all-time highs, gold 5700 and silver 22600 are becoming less expensive.

Gold is currently being sold at Rs 5738 per 10 g less than its all-time high. The highest peak in gold's history was reached in August 2020. At that time, the cost of 10 g of gold had soared to Rs 56,200. Additionally, the price of silver was falling at a rate of around Rs 22630 per kilogram from its peak. The current price of silver per kilogram is Rs. 79980. People who want to buy gold or silver in such a situation can discover that it is a good time to do so.

The cost of 14 to 24 carat gold

Accordingly, 10 g of 24 carat gold currently cost Rs. 50462, 10 g of 23 carat gold cost Rs. 50260, 10 g of 22 carat gold cost Rs. 46223, 10 grams of 18 carat gold cost Rs. 37847, and 10 grams of 14 carat gold cost about Rs. 29520.

Also Read: Gold Rate Today: Gold Prices Drop to Rs. 29,000-mark, these are the Rates in Delhi-Mumbai-Lucknow-Indore

Gold Price and Silver Price in major cities of the country

Disclaimer: (This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)

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