Today, gold is trading at ₹1,46,300 per 10 grams, and silver at ₹2,00,021 per kg. Find out here how the prices of 24- and 22-carat gold have changed, along with the price of silver.
Gold Silver Price Today: Today's price of gold and silver
If you're planning to buy gold or silver, knowing today's prices is crucial. Today, October 27th, we're monitoring gold and silver prices in the market. On Tuesday, gold rose by ₹1,457 in the bullion market. Meanwhile, silver prices appear to be stable.
Gold prices have been supported by a weakening rupee and a slight improvement in international markets. However, prices may vary between markets and jewelers. Therefore, please check the current rate and the change from the previous rate before purchasing jewelry.
What is the price of gold and silver today?
According to the bullion reference rate on the morning of October 27th, the price of 24-carat gold was approximately ₹1,44,843 per 10 grams, and the price of 22-carat gold was approximately ₹1,32,676 per 10 grams. Meanwhile, the reference rate for 999% purity silver is approximately ₹2,00,021 per kilogram. However, on Tuesday, the closing price of 99.9% purity gold was ₹1,46,300 per 10 grams, and the price of silver was ₹2,02,000 per kilogram. This means there is a difference of ₹1,457 in the price of gold.
- 24 carat gold – Rs 1,46,300 per 10 grams
- 22 carat gold – Rs 1,34,133 per 10 grams
- Silver – Rs 2,00,021 per kg
Why did the price of gold rise?
On Tuesday, gold became more expensive by ₹1,457 in the bullion market. The weakening of the rupee was a key reason for this. The rupee fell 29 paise against the US dollar to close at 95.22 per dollar. India purchases a large amount of gold from abroad and pays for it in dollars. When the rupee weakens, importers have to spend more rupees to purchase the same amount of gold. This can also impact domestic market prices.
What is the status of gold and silver in the international market?
On Monday, spot gold rose by $17.49, or 0.44%, to reach $4,013.12 per ounce. Silver remained stable at $53.91 per ounce. Gold prices are not solely influenced by the rupee's movement. The dollar's position in the international market, interest rate expectations, inflation, and geopolitical tensions can also influence prices.
Is it a good idea to buy gold now? With
gold prices at high levels, it's important to keep a few things in mind before buying. The prices of 22-carat and 24-carat gold vary. Jewelry also includes making charges and GST. You shouldn't make a decision based on a single day's price increase.
If you're buying silver, check the price per kilogram and adjust it to the weight you're purchasing. Be sure to obtain a purity certificate and a proper bill from the shopkeeper.
