Festive Season Surprise: Gold Prices Dip, Offering Shoppers a Reason to Celebrate

Rozana Spokesman  | Amanat Thaper

News, Business

Gold Rate Drops by Rs 100-200 per 10 Grams in the Lead-up to Diwali

Gold Rate Latest News

Gold Rate Latest News: In a rather unexpected turn of events, gold prices have taken a step back during the festive season, defying the anticipation of a continuous increase. With just a week left until the festival of Diwali, the rates of both 22 and 24 carat gold have witnessed a decline by Rs 100 to Rs 200 per 10 grams. Presently, gold is trading at a rate of Rs 61,790 per 10 grams in Delhi NCR, offering a silver lining for potential buyers. On the other hand, the price of silver has shown an upward trend, currently standing at Rs 75,200.

In the capital city of Delhi, the rate for 22 carat gold has reached Rs 56,500 per 10 grams, while those with an inclination for 24 carat gold will find themselves spending Rs 61,790 for the same quantity. Shifting our focus to other cities across the country, in Ahmedabad, Gujarat, the retail price for 22 carat gold is Rs 56,400, and the cost of 24 carat gold mirrors that of Delhi at Rs 61,790 per 10 grams. 

In Chennai, the state capital of Tamil Nadu, the rate for 22 carat gold has been fixed at Rs 57,000 per 10 grams, while for 24 carat gold, shoppers will need to allocate Rs 62,180 for every 10 grams. This surprising drop in gold prices is set to bring joy and relief to individuals looking to make festive purchases and investments during this auspicious season.