Modern Bharat
Gold and Silver become cheaper before Diwali!  Know about the bullion market for the whole week in the festive season

Gold and Silver become cheaper before Diwali! Know about the bullion market for the whole week in the festive season

Gold Silver Price Weekly: The festival of Dhanteras 2022 is being celebrated with pomp across the country. People are fiercely investing in gold-silver shopping, car, property etc. This time this week has been very good for those who buy gold in Diwali because the prices of both gold and silver metals have registered a fall.

Between October 17 and 21, a fall of Rs 368 has been recorded in the price of gold. According to the information given on the official website of India Bullion and Jewelers Association (IBJA), gold closed at 50,430 in the last trading week. At the same time, this week it closed at Rs 50,062 per 10 grams.

On the other hand, if we talk about silver, it was at Rs 55,643 per kg in the last trading week, which came down to Rs 55,555 per kg this week. In such a situation, there has been a decline in its price by Rs 88 per kg. It is worth noting that the tax and making charges are not included in the price of gold and silver on the website of IBJA. In such a situation, after adding the making charge, the price of gold and silver changes according to the city and state. Let us give you information about the price of gold and silver for all trading days of the week.

Gold rates from 17 October-21 October 2022- (per 10 grams)

  • October 17 – Rs 50,430
  • October 18 – Rs 50,362
  • October 19 – Rs 50,236
  • October 20 – Rs 50,228
  • October 21 – Rs 50,062

Silver Rate – (Per 1 kg) till 17 October – 21 October 2022

  • October 17 – Rs 55,643
  • October 18 – Rs 56,010
  • October 19 – Rs 55,606
  • October 20 – Rs 56,267
  • October 21- Rs 55,555

Gold gave 6% return on Dhanteras from last year till this year
According to the data, from last year to this year’s Dhanteras to this year’s Dhanteras, gold has given a return of about 6% to investors. On the other hand, talking about silver, there has been a huge drop of up to 3% in its price. The main reason for the fall in the price of silver is the strengthening of the dollar and the ever-increasing inflation in the country and the world.

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