Gold and silver demand rises before the festive season; prices remain stable

As the festive season is approaching, the demand for gold and silver is once again increasing across the country. Especially due to weddings and traditional festivals, people are buying jewelry in large quantities.

New Delhi: As the festive season is approaching, the demand for gold and silver is once again increasing across the country. Especially due to weddings and traditional festivals, people are buying jewelry in large quantities. However, at present, there is stability in the prices of gold and silver in big cities like Delhi, Agra, Lucknow, and Ahmedabad, which is relief news for both common customers and investors.

Relief for consumers in Delhi

In the national capital Delhi today, 24-carat gold remains at ₹ 10,625 per gram. At the same time, 22-carat gold is available at ₹ 9,741 per gram, and 18-carat gold is available at ₹ 7,970 per gram. Talking about silver, it is also available at ₹ 126.20 per gram, i.e., ₹ 126,200 per kg. This stability has given confidence to common buyers, and they are able to shop without fear of price fluctuations.

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The market is stable in Agra too

In Agra too, the prices of gold and silver are the same as in Delhi. The rates of 24 carat and 22 carat are the same, while silver also remains at ₹ 126.20 per gram. The demand from the rural areas around Agra affects the silver trade of this city. The stability here is also attracting investors.

The zeal of traditional shopping in Lucknow

Lucknow, which is traditionally known for gold shopping, also did not see any major change in prices. People buy jewelry in large quantities during festivals and wedding season. In such a situation, the stability of prices is giving customers time to plan, and positivity remains in the market.

Slight difference in Ahmedabad, but a golden opportunity to invest

Gold prices in Ahmedabad are slightly lower than in other cities. Here 24-carat gold is available at ₹ 10,615, 22-carat at ₹ 9,731, and 18-carat at ₹ 7,962 per gram. The price of silver here also remains at ₹ 126.20 per gram. In a state like Gujarat, where the investment mindset is strong, people see gold and silver not only as jewelry but also as a long-term investment.

Stability increased buyers' expectations

The stability in the prices of gold and silver in these cities is like an opportunity for both consumers and investors. Considering the festivals and wedding season, the demand may increase further in the coming days. In such a situation, if the prices remain stable, then it can be a positive sign for the market.