Gold Rate Today, October 28, 2024: Ahead of Dhanteras and Diwali, Know Prices of Gold in Mumbai, Delhi, Chennai, Bengaluru, Ahmedabad and Other Metro Cities

Mumbai, October 28: The prices of gold and silver have been witnessing a fluctuation in the last few weeks, with silver crossing INR 1 lakh and gold surging past INR 80,000 for 24-karat. However, the demand for both gold and silver is likely to be on the rise with the festive season of Dhanteras, Diwali and the wedding season here. According to Good Returns, gold is priced at INR 7,359 per gram for 22-karat gold and INR 8,028 per gram for 24-karat gold as of today, October 28. On the other hand, the price of silver in India is INR 97.90 per gram and INR 97,900 per kilogram as of Monday.

Amid the fluctuations in gold prices, Motilal Oswal Financial Services Ltd (MOFSL) said that silver prices are expected to reach INR 1,25,000 per kilogram on the Multi Commodity Exchange (MCX) within the next 12 to 15 months. The financial services firm also stated that gold prices are likely to reach INR 81,000 per 10 grams in the medium term and INR 86,000 in the long term. Scroll down to know the prices of gold in Mumbai, Ahmedabad, Delhi, Kolkata, Lucknow, Jaipur, Hyderabad, and other metro cities. Silver Set to Outshine Gold with INR 1.25 Lakh Target in 12-15 Months: MOFSL.

Check Prices of Gold (Per Gram) in Metro Cities Today

People across the country and from different walks of life are fond of buying gold. The yellow metal is not only one of the best forms of investment but also holds symbolic significance, especially during festivals such as Dhanteras, Dussehra, and Gudi Padwa. The fluctuations in gold prices have not deterred traditional consumers, who continue to buy the yellow metal, while a few others have been switching to digital gold.

(The above story first appeared on Pune Media on Oct 28, 2024 08:39 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website Pune Media.com).

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