Gold Price Today: Gold's shine fades on Diwali; find out the latest rates in your city.
Gold and silver prices are seeing a decline on Diwali. If you're planning to buy gold today, you should check the latest rates in your city.
Gold Price Today: Gold prices are seeing a slight decline in the domestic futures market on Monday. Gold futures with December 5th expiry opened at ₹1,27,817 per 10 grams on the Multi-Commodity Exchange (MCX) on Monday, October 20th. On its last trading day, gold closed at ₹1,27,008 on MCX.
At 10 am on October 20th, gold with December 5th expiry was trading at ₹1,28,050 on MCX, an increase of approximately ₹1,000 from the previous day's closing price. MCX gold had reached a high of ₹1,28,556 in early trading.
Silver prices are also declining on the MCX. Silver with a December 5th expiry date opened at ₹159,875 on October 20th. At the time of writing, silver was trading at ₹156,751.
Gold Price in Your City (According to Good Returns)
Gold Price in Delhi (per 10 grams)
24 carat - ₹1,30,840
22 carat - ₹1,19,950
18 carat - ₹98,170
Gold Price in Mumbai (per 10 grams)
24 carat - ₹1,30,690
22 carat - ₹1,19,800
18 carat - ₹98,020
Gold Price in Chennai (per 10 grams)
24 carat - ₹1,30,040
22 carat - ₹1,19,200
18 carat - ₹98,500
Gold Price in Kolkata (per 10 grams)
24 carat - ₹1,30,690
22 Carat - ₹1,19,800
18 Carat - ₹98,020
Gold Prices in Ahmedabad (per 10 grams)
24 Carat - ₹1,30,740
22 Carat - ₹1,19,850
18 Carat - ₹98,070
Gold Prices in Lucknow (per 10 grams)
24 Carat - ₹1,30,840
22 Carat - ₹1,19,950
18 Carat - ₹98,170
Diwali is being celebrated across the country today. The drop in gold prices on Diwali has brought smiles to people's faces. Many consider buying gold and silver on Diwali auspicious and, like Dhanteras, purchase the yellow metal on this day.
Gold and silver are culturally associated with Indians in India. Its demand has remained strong over the past several years. Investors also view gold as a safe haven and invest in it. This is why gold and silver remain in high demand in India.
