Gold Prices Dip Slightly Across India! 24-Carat Gold at Rs. 12,588 Per Gram, Silver Steady at Rs. 159.90. Check City-Wise Rates Now! 

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Gold prices in India went down a little on October 23. The 24-carat gold price today is Rs. 12,588 per gram, which is Rs. 1 less than yesterday. The silver rate stayed the same at Rs. 159.90 per gram.

This week gold prices have been highly volatile. The rate was Rs. 13,086 per gram on October 19. The experts say that the tiny drop has been caused by global market fluctuations and low demand.

Gold has always occupied a special position in the hearts of Indian families. It is purchased for festivals, weddings, and other family gatherings. Moreover, gold is considered a secure investment for future savings.

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City-Wise Gold and Silver Rates in India

Today, the 22-carat gold rate is Rs. 11,539 per gram, and 18-carat gold is Rs. 9,441 per gram. Prices are not the same in every city. They change slightly thanks to local taxes and transport costs.

In Delhi, 24-carat gold costs Rs. 12,603 per gram. In Mumbai and Kolkata, it is Rs. 12,588 per gram. Chennai has a higher price of Rs. 12,700 per gram as more people buy gold during the festive season. Bengaluru and Hyderabad have the same rate of Rs. 12,588 per gram.

Silver prices stayed firm across India. The silver rate is Rs. 1,59,900 per kilogram in most cities. In Chennai, it is higher at Rs. 1,74,900 per kilogram. The price of silver depends on world markets and the demand for it in industries.

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Experts say gold prices may rise again as Diwali is near. Global gold prices are a bit down by 0.53% to $4,104 per ounce. Even then, gold in India stays strong, owing to festival buying and steady demand.

The next few days may bring more changes depending on the US Federal Reserve’s decisions and the Indian rupee’s value. At present, gold continues to be one of the most reliable methods for Indian households to save and invest.