Ahead of Diwali, gold prices on MCX have fallen by Rs 38 and silver by Rs 206. Find out the latest gold and silver prices on October 28th and what you should consider when buying.
Gold-Silver Price Today: Latest price of gold and silver today
If you're planning to buy gold and silver before Diwali and Dhanteras, be sure to check today's latest prices. Today is a good day for shoppers, as today, Wednesday, October 28th, saw a slight decline in the prices of both gold and silver. Gold fell by ₹38 per 10 grams on the MCX exchange, while silver prices fell by ₹206.
During the festive season , buyers are closely monitoring gold and silver prices. So, the question is: does today's decline offer a buying opportunity? Let's find out the current gold and silver prices today and what factors to consider when purchasing jewelry.
What is the price of gold today?
MCX gold and silver futures are seeing a slight decline today. Gold closed at ₹1,44,138 per 10 grams in the previous trading session. However, today it has declined by ₹38, bringing its price to ₹1,44,100.
| Name | old rate | new rate | How much cheaper did it become? |
| Gold (10 grams) | Rs 1,44,138 | Rs 1,44,100 | 38 rupees |
| Silver (1 kg) | Rs 1,96,717 | Rs 1,96,511 | 206 rupees |
Silver prices also fell
today, along with gold. Silver prices fell by ₹206 on MCX, trading at ₹1,96,511 per kg. This price change is worth noting for those purchasing silver coins, utensils, and other items for Diwali.
Keep these things in mind when shopping:
If you're buying jewelry for Diwali or Dhanteras, first check the hallmark. Check the BIS hallmark and HUID to confirm the purity of the gold. Always ask the shopkeeper for the making charges. In fact, making charges for the same weight of jewelry can vary from shop to shop. Always get a proper bill and understand the difference between MCX and jeweler rates.
