Gold, Silver Price Update: Just before Diwali, there is a rapid and continuous fluctuation in the price of gold. Buying gold on the occasion of Diwali and Dhanteras is considered auspicious in India. In such a situation, if you have missed buying gold till now, then hurry up because the price is going to increase further.
so much fall
Experts believe that in view of the demand and supply, gold prices may increase in the coming days just before Diwali. On Friday, October 29, 2021, although it was seeing a slight increase in the international market, but at 9.25 am on MCX in India, it was trading at a fall of more than Rs 100.
The price of gold was being recorded at Rs 47,853 per 10 grams. Talking about the last session, it closed at 47,961.
silver also became cheaper
An even bigger decline is being seen in silver today. Today, a big decline of 0.47 percent i.e. Rs 305 is being recorded in Silver Futures. Its price is running at Rs 64,626 per kg. In the previous session, it had closed at Rs 64,931 per kg.
If you look at GoldPrice.org, gold was rising by 0.04 percent on MCX at 09.26 am Indian time in the international market and it was trading at $ 1798.80 an ounce level. At the same time, silver was down 0.30 percent at $ 23.97 an ounce.
Last chance to buy before Diwali
The atmosphere of fall in prices will not persist for long. Its prices are determined according to the demand and supply. As soon as people come forward for Diwali shopping, the demand will increase and in the same proportion the prices will start showing an increase.
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