Today marks Dhanteras in India, the first day of the five-day Diwali celebrations. Dhanteras, often referred to as Dhanatrayodashi, is observed two days prior to Diwali or Deepawali, the festival of lights. People purchase gold and jewellery on this day with the hope that the purchases will bring prosperity to their houses.
If the value of the Indian rupee falls versus the US dollar, gold prices rise. The rates are also influenced by variables including unstable policies, economic expansion, etc.
Indian cities gold rates today:
City 22k 24k
Chennai ₹47,410 ₹51,720
Mumbai ₹47,010 ₹51,290
Delhi ₹47,150 ₹51,450
Kolkata ₹47,010 ₹51,290
Bangalore ₹47,060 ₹51,340
Hyderabad ₹47,010 ₹51,290
Silver prices on Dhanteras
There are no changes in Silver prices, according to Goodreturns website. According to the website, 10 grams of the metal cost 577 rupees in Delhi, Kolkata, and Mumbai while the same amount costs 632 rupees in Bengaluru, Chennai, and Hyderabad.
The daily price of silver is also influenced by how the rupee is doing against the dollar. Rates increase if the currency falls. Silver is also usually less expensive than gold.
