Gold Prices dip during Navratri, Silver hits record high amid festive demand

New Delhi: Gold and silver prices are fluctuating significantly across the country these days. Except for a few days, the prices of both precious metals have consistently risen. However, during Navratri, gold prices fell for three consecutive days, while silver prices remained high. Gold and silver prices fluctuate on the fifth day of Navratri: Check today’s latest prices Latest Gold Prices According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold fell to ₹113,262 per 10 grams on Friday. Silver prices reached ₹138,100 per kg. These prices will remain valid on Saturday and Sunday, as the markets were closed. Latest gold prices for different carats: 24 carat: ₹113,262 per 10 grams 23 carat: ₹112,808 per 10 grams 22 carat: ₹103,748 per 10 grams 18 carat: ₹84,947 per 10 grams 14 carat: ₹66,258 per 10 grams Silver (999 purity): ₹138,100 per kilogram Bullion Market Situation in Delhi According to the All India Sarafa Association, the price of silver in Delhi rose by ₹1,900 to ₹141,900 per kilogram on Friday, setting a new record. Gold also rose by ₹330, reaching ₹117,700 per 10 grams. Gold of 99.5% purity rose ₹400 to ₹117,100. Festival Demand Supporting Traders believe the market is experiencing a significant increase in demand due to the festive season. Additionally, investors' increased interest in the spot market has supported gold and silver prices, maintaining a bullish trend in the domestic market despite a decline in the international market. [caption id="attachment_154801" align="aligncenter" width="1280"] Massive change in gold and silver prices[/caption] Futures Market Also Up Gold futures prices rose on the Multi Commodity Exchange (MCX) on Friday Gold for October delivery rose ₹171 to ₹112,800 per 10 grams. Gold for December delivery rose ₹56 to ₹113,927 per 10 grams. Meanwhile, silver futures declined Silver for December delivery fell ₹400 to ₹136,656 per kg. Silver for March delivery fell ₹351 to ₹138,051 per kg. Gold-Silver Rate Today: Prices drops; Know city-wise updated rates International Market Impact In the global market Spot gold fell 0.12% to $3,744.75 per ounce. Spot silver fell 0.35% to $45.03 per ounce. Gold futures rose 0.15% to $3,776.90 per ounce. Silver futures fell 0.21% to $44.19 per ounce. Although gold prices saw a slight decline during Navratri, festive demand and investor interest have renewed the upward trend in gold and silver prices. Market conditions in the coming days will depend on festive demand and international cues. Investors and buyers are advised to monitor prices and make informed purchases as needed.