Gold and Silver Become Cheaper Ahead of Dhanteras; Check Today’s Rates in Delhi and Other Major Cities
Gold and silver prices have dipped once again ahead of Dhanteras. Find out the latest rates for 24-carat and 22-carat gold, as well as silver, in major cities—including Delhi, Mumbai, and Chennai—as of November 4.
With the festive season underway and Dhanteras and Diwali just around the corner, this update is for those planning to purchase gold or silver. On Wednesday, November 4, a decline in the prices of both gold and silver was recorded. Both precious metals have remained under pressure for the second consecutive trading session.
According to today’s (Wednesday) figures, the price of 24-carat gold stands at ₹1,39,890 per 10 grams, while silver is priced at approximately ₹1,80,080 per kilogram. See below for the latest city-wise rates for 24-carat gold, 22-carat gold, and silver.
What is the price of gold in Delhi today?
If you are considering buying gold, the price of 24-carat gold in Delhi was recorded at approximately ₹1,39,390 per 10 grams on Wednesday. Meanwhile, the price for 22-carat gold is ₹1,27,774 per 10 grams. In Chennai, 24-carat gold is priced at ₹1,40,040 per 10 grams, while in Mumbai, it is trading at ₹1,39,640. Delhi - ₹1,39,390 per 10 grams
Mumbai - ₹1,39,640 per 10 grams
Chennai - ₹1,40,040 per 10 grams
Kolkata - ₹1,39,450 per 10 grams
Bengaluru - ₹1,38,750 per 10 grams
Hyderabad - ₹1,39,860 per 10 grams
How much cheaper has silver become?
Along with gold, silver prices have also seen a decline. As of Wednesday morning, the price of silver is approximately ₹1,79,840 per kilogram. Meanwhile, the price for one kilogram of silver is recorded at ₹1,80,150 in Mumbai and ₹1,80,680 in Chennai.
Delhi - ₹1,79,840 per kilogram
Mumbai - ₹1,80,150 per kilogram
Chennai - ₹1,80,680 per kilogram
Kolkata - ₹1,79,910 per kilogram
Bengaluru - ₹1,80,290 per kilogram
Hyderabad - ₹1,80,440 per kilogram
Why are gold and silver prices falling?
A key reason behind the decline in gold and silver prices is pressure from the international market. Rising crude oil prices and concerns regarding inflation have led investors to adopt a cautious approach. Additionally, tensions between the United States and Iran are also impacting the market.
An opportunity to shop before Dhanteras?
This year, Dhanteras will be celebrated on November 6, and Diwali on November 8. Purchasing gold and silver during these festivals is considered auspicious; therefore, an increase in market activity is expected. The price decline could bring relief to those planning to buy jewellery or coins for the festive season.
