Gold Rate on Dhanteras 2024: The Auspicious Moment for Buying Gold – Check Local Gold and Silver Prices
As Dhanteras approaches, an auspicious time for purchasing gold, many people look forward to adding gold or silver to their assets. This tradition, observed for generations, is believed to bring prosperity and fill the household with good fortune for the coming year. Despite high market prices, demand remains strong, and jewelers are offering special promotions to celebrate. Here’s everything you need to know about gold and silver rates this Dhanteras, along with the best time to buy.
Why Dhanteras is the Perfect Time for Gold and Silver Purchases
Dhanteras is seen as an auspicious time for buying precious metals like gold and silver. It is widely believed that purchases made during this period lead to prosperity and enhance wealth over the year. This cultural tradition has deep roots, and even with fluctuating prices, people continue to buy gold and silver ornaments or coins as part of the celebrations.
Auspicious Timings for Buying Gold and Silver on Dhanteras 2024
According to astrologers, the favorable time for buying gold this Dhanteras starts from 6:31 a.m. and lasts until 10:31 a.m. the following day. Purchasing gold during this auspicious window is thought to bring positive returns and boost wealth, making it an ideal time for those looking to make their gold investments count.
Gold and Silver Price Trends Leading Up to Dhanteras
Gold prices saw a slight decline on October 28 but rebounded due to high demand. On Dhanteras, October 29, the price of gold for 24-carat gold per 10 grams has risen to ₹79,790, as per Good Returns. Silver also remains in high demand, though it recorded a small decrease, now priced at ₹97,900 per kilogram.
City-Specific Gold Rates for Dhanteras 2024
Across India, gold prices vary slightly between cities. Here’s a quick look at the gold prices in some major cities for 24-carat gold per gram:
- Delhi: ₹7,995 per gram
- Noida: ₹7,995 per gram
- Mumbai: ₹7,980 per gram
- Chennai: ₹7,980 per gram
- Hyderabad: ₹7,980 per gram
For those opting for 18-carat gold, prices have also been slightly adjusted. In Delhi, 18-carat gold is available at ₹5,997 per gram, while Mumbai and Chennai offer it at ₹5,985 per gram.
Silver Prices Across Major Cities
Silver prices vary as well. In Delhi and Mumbai, silver is available at ₹98,000 per kilogram. However, in Chennai, silver has crossed ₹1,07,000 per kilogram. For those planning to craft gold or silver jewelry, Dhanteras offers a favorable time due to stable prices.
Price Insights and Market Observations from Industry Experts
Gold and silver dealers have observed a steady demand despite fluctuations. According to Manish Sharma, a member of the Indian Bullion Jewelers Association, silver prices have remained stable, while gold prices have seen a slight dip. Yesterday, 22-carat gold was priced at ₹75,300 per 10 grams but has decreased to ₹74,850 per 10 grams today, a drop of ₹450. Similarly, the price of 24-carat gold saw a decline from ₹79,090 to ₹78,590, a reduction of ₹480.
Important Tips When Buying Gold on Dhanteras
When buying gold, quality should be a top priority. Always check for hallmarks as they guarantee the purity of the gold, certified by the Bureau of Indian Standards (BIS). Each karat level has a distinct hallmark, so be sure to verify this to ensure the authenticity of your purchase.
This Dhanteras, make informed decisions by checking current prices and choosing an auspicious time to buy.