There was a huge fall in the prices of gold and silver on Dhanteras: Customers are worried during the festive season

A big and relief news has come to the fore for crores of countrymen and bullion market lovers who are planning to buy jewelery and precious metals on the holy festival of Dhanteras and Diwali. On the auspicious occasion of Dhanteras, while on one hand there is a lot of excitement in the markets, on the other hand there has been a sudden sharp fall in the prices of gold and silver in the bullion market. This softening in the prices of gold and silver, which have been continuously making records at the highest level for the last few weeks, has brought happiness on the faces of the customers who came for festive shopping. Bullion market experts in major metros and regional markets of the country believe that this decline in prices has been seen due to weak signals from the global market and profit booking at the local level. If you are also preparing to buy gold and silver coins, jewelery or utensils during the auspicious time of Dhanteras, then knowing today’s latest prices and the complete market situation before going to the shop can prove to be very beneficial for you.

This decline in the Indian bullion market on the day of Dhanteras has not happened suddenly, but many international and domestic financial factors are working behind it. According to market analysts, the direct impact of the strengthening of the US dollar index and profit booking in the prices of gold and silver in the international futures market (COMEX) has been seen on the Indian futures market (MCX). There has been a significant decline in the futures price of 24 carat pure gold per 10 grams on MCX, while a huge decline has been recorded in the futures prices of silver per kilogram. However, local jewelery sellers say that this reduction in prices will lead to a huge increase in the shopping demand on the day of Dhanteras, due to which there is every possibility of setting a new record in business this year.

If you are planning to buy 24 carat, 22 carat gold or pure silver on the auspicious occasion of Dhanteras, here is the list of today’s average market rates prevailing in different states and cities of the country: