Gold Price Update: Prior to Diwali, silver drops by over Rs. 1100, and gold drops as well

 Gold Price Update: Prior to Diwali, silver drops by over Rs. 1100, and gold drops as well

Update on Gold and Silver Prices: If you want to purchase gold as well, you should first see how much it has dropped over the course of the last week. In addition, the price of silver has decreased by more than Rs 1100.

Price of Gold and Silver: Prior to Diwali, there is a great deal of volatility in the gold and silver prices. If you want to purchase gold as well, you should first see how much the price has dropped over the course of the last week. In addition, the price of silver has decreased by more than Rs 1100. According to experts, this upward trend in gold prices might last till Diwali. The world war and a host of other indicators are driving up the price of gold.

The India Bullion and Jewelers Association, or IBJA, website publishes the price of gold and silver. Let's see how much ten grams of gold and silver cost.

Amount of gold that fallen in a week:

On October 30, the price per gram was Rs 61238. On October 31, the price per gram was Rs 61,370. On November 1, the price per gram was Rs 61,012. On November 2, the price per gram was Rs 61,092. On November 3, the price per gram was Rs 61075.

How much did gold's price drop?

The price of gold was Rs 61238 per 10 grams on October 30 and Rs 61075 per 10 grams on November 3. The price of gold has somewhat decreased, by about Rs 163 per 10 kilos.

Amount of silver that dropped in a week

October 30: Rs 71,931 per kg; October 31: Rs 72,165 per kg; November 1: Rs 70,984 per kg; November 2: Rs 71,684 per kg; November 3: Rs 70,771 per kg

How much did silver's price drop?

The price of one kilogram of silver was Rs 71,931 on October 30. On November 3, however, the price per kilogram was Rs 70,771. As a result, the price of silver fell by Rs 1160 per kilogram.

These pricing do not include GST.

IBJA can provide information regarding the typical cost of gold in various purities. All of these prices include taxes and manufacturing costs. The IBGA's prices are applicable all around the nation. GST rates are not included in these.