See prices of Gold and Silver

Are you planning to purchase gold or silver this Dhanteras? Then stop first to see the prices of both gold and silver before purchasing. A decline has been seen in the prices of gold and silver on November 7.

According to the website of the India Bullion and Jewelers Association (IBJA), the price of 24-carat gold in the bullion market has fallen by Rs 281 to Rs 60,772 per 10 grams. Whereas the price of 18-carat gold has remained at Rs 45,579. Dhanteras is on the 10th of this month. Investing in gold is considered auspicious on this day.

Apart from this, a big decline has also been seen in the price of silver. It has slipped by Rs 751 to Rs 71,286 per kg. Earlier it was at Rs 72,037.

Gold became costlier by more than Rs 3,600 in October. There was a spectacular rise in the prices of gold and silver in the month of October. Last month, a rise of Rs 3,651 was seen in the price of gold. At the beginning of October i.e. on October 1, it was at Rs 57,719 per 10 grams, which reached Rs 61,370 on October 31. Whereas silver has come down from Rs 71,603 per kg to Rs 72,165.

Gold and silver prices are likely to continue rising in the international and domestic markets. Anuj Gupta, Head of Commodity and Currency, HDFC Securities, said that bond yields are decreasing in the international market and the dollar is weakening. This will continue to support gold.

Apart from this, demand for festivals will increase in the domestic market. After this the wedding season will start. In such a situation, increase in demand will affect the prices. Due to this, gold can go up to 62 thousand and silver up to 75 thousand by Diwali.