Mumbai, November 1: On Thursday, October 31, the All India Sarafa Association said that gold prices traded flat at INR 82,400 per 10 grams in Delhi, while silver prices dropped by INR 1,500 per kg. Notably, this development came after the yellow metal rallied INR 1,000 to breach the INR 82,000 per 10 grams mark for the first time in the national capital on Wednesday, October 30. Although gold prices have crossed the INR 82,000 mark, this has not deterred consumers across the country from buying gold at festivals such as Dhanteras and Diwali.

That said, the festival and wedding season is likely to drive demand for gold and silver as the prices of the precious metals continue to fluctuate. As per Good Returns, the rate of gold is INR 7,456 per gram for 22-karat and INR 8,134 per gram for 24-karat gold in India today, November 1. Similarly, gold is priced at INR 6,101 per gram for 18-karat gold. Since October 29 last year, gold prices have recorded a 35 per cent surge. Back then, the yellow metal was priced at INR 61,200 per 10 grams. What Is Digital Gold? How To Buy It Online in India? All About Investing in Digital Gold Ahead of Diwali and Dhanteras 2024.

Check Prices of Gold (Per Gram) in Metro Cities Today

City 22 Carat Gold Rate on November 1 24 Carat Gold Rate on November 1
Delhi INR 7,471 INR 8,149
Mumbai INR 7,456 INR 8,134
Ahmedabad INR 7,461 INR 8,128
Chennai INR 7,456 INR 8,134
Kolkata INR 7,456 INR 8,134
Gurugram INR 7,471 INR 8,149
Lucknow INR 7,471 INR 8,149
Bengaluru INR 7,456 INR 8,134
Jaipur INR 7,471 INR 8,149
Patna INR 7,461 INR 8,128
Bhubaneshwar INR 7,456 INR 8,134
Hyderabad INR 7,456 INR 8,134

Besides gold, silver prices have also crossed the INR 1 lakh mark recently. After five straight days of gains, silver fell below the INR 1 lakh mark on Thursday, November 1, thereby declining by INR 1,500 to INR 99,500 per kg. On Wednesday, silver prices had closed at INR 1.01 lakh per kg. Gold prices crossing the INR 80,000 and INR 82,000 mark in less than a week have not deterred Indian consumers from buying the yellow metal. Gold and silver still continue to hold symbolic significance and are still considered to be one of the best forms of investments.

(The above story first appeared on LatestLY on Nov 01, 2024 08:59 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).