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Gold prices drop ahead of Diwali; what is the situation with silver?

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Gold rates have fallen today. Here, you can find out how much the prices of gold and silver have changed. A complete city-wise rate list is provided here.

Today, Wednesday, September 16, gold prices in the bullion market have declined amidst a weak global trend and a strong dollar. Gold has dropped by ₹1,000 to reach ₹1,54,400 per 10 grams. Notably, this is the lowest level seen in a month; gold was previously at this same rate on August 7. Meanwhile, silver is offering some relief to buyers; its price remains stable at ₹2,34,600 per kilogram for the second consecutive day. In other words, you do not have to spend a large amount on silver.

City-wise gold rates-

City 24K Gold Price (10 grams)
Delhi ₹1,54,400
Mumbai ₹1,54,400
Kolkata ₹1,54,400
Chennai ₹1,54,400
Patna ₹1,54,600
Lucknow ₹1,54,400
Meerut ₹1,54,400
Ayodhya ₹1,54,400
Kanpur ₹1,54,400
Aligarh ₹1,54,400
Moradabad ₹1,54,400
Mirzapur ₹1,54,400
Jhansi ₹1,54,400
Mathura ₹1,54,400
Agra ₹1,54,400
Gorakhpur ₹1,54,400
Bareilly ₹1,54,400
Prayagraj ₹1,54,400
Varanasi ₹1,54,400
Ghaziabad ₹1,54,400
Noida ₹1,54,400
Gurugram ₹1,54,400

City-wise silver rates-

City Name Silver Price (1 kg)
Delhi ₹2,34,600
Mumbai ₹2,34,600
Kolkata ₹2,34,600
Chennai ₹2,34,600
Patna ₹2,34,600
Lucknow ₹2,34,600
Meerut ₹2,34,600
Ayodhya ₹2,34,600
Kanpur ₹2,34,600
Aligarh ₹2,34,600
Moradabad ₹2,34,600
Mirzapur ₹2,34,600
Jhansi ₹2,34,600
Mathura ₹2,34,600
Gorakhpur ₹2,34,600
Bareilly ₹2,34,600
Agra ₹2,34,600
Ghaziabad ₹2,34,600
Noida ₹2,34,600
Gurugram ₹2,34,600

What is the situation in the international market?

Gold prices have fallen today amidst weak global cues. Gold slipped below $4,300 per ounce and is trading near a one-month low. This decline is attributed to a strong US dollar and rising bond yields, as high crude oil prices have heightened concerns about inflation. In overseas markets, the price of gold fell by $22.28 (0.52 percent) to $4,276.52 per ounce, while silver saw a marginal decline, settling at $63.07 per ounce.