Today’s gold-silver prices: Big drop in gold prices before Diwali-Dhanteras, check immediately latest rates
Gold price update today: Good demand for gold and silver on Diwali and Dhanteras. But this time, despite the demand, there is no increase in gold prices. On October 19, changes in the prices of gold and silver have been seen in the international market and the local market. Today, gold prices are falling in both the markets.
Know what is the price of gold and silver?
Ahead of Diwali 2022, gold prices have also declined in the Indian futures market, while silver prices are seeing a rise. Today, gold prices on the Multi Commodity Exchange (MCX) fell by 0.08 percent in early trade, while silver prices traded up 0.05 percent on the MCX today.
At 9:05 am today on MCX, 24 carat gold at Rs. 40 down to Rs. 50,374 per 10 grams, while silver prices today stood at Rs. 26 to Rs. 56,380 per kg has been reached. Gold price opened at Rs 50,397 today.
What is the international market situation?
In the international market today, the price of gold is softening. In the global market today, spot gold prices fell by 0.04 percent to $1,650.13 an ounce, while spot silver prices rose by 0.34 percent to $18.72 an ounce today.
What do the experts say?
The demand for gold and silver increases on the occasion of Dhanteras and Diwali and when the demand increases, the price of gold also increases. This time also booking and purchase of gold and silver coins for Dhanteras has started. But so far the price of gold has been decreasing. Experts believe that during the festivals it is Rs. May be in the range of 49,000 to 51,000.