Gold and silver prices fell today on Diwali: Gold became cheaper by ₹ 3,000 and silver by ₹ 9,000, gold came at ₹ 1.26 lakh; Silver is being sold at ₹1,60 lakh per kg

Today (October 20, Monday) on Diwali, gold has become cheaper by about Rs 3,000 and silver by Rs 9,000. According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has increased by Rs 2,854 to Rs 1,26,730. Earlier on October 17, gold had made an all-time high of Rs 1,29,584.

The prices of silver have also fallen today. It increased by Rs 9,130 ​​to reach Rs 1,60,100 per kg. Earlier, silver was Rs 1,69,230 per kg. Earlier on October 14, silver had reached an all-time high of Rs 1,78,100.

This year gold became costlier by ₹ 50,568 and silver by ₹ 74,083

So far this year, the price of gold has increased by Rs 50,568. On December 31, 2024, 10 grams of 24 carat gold was worth Rs 76,162, which has now become Rs 1,26,730.

The price of silver has also increased by Rs 74,083 during this period. On December 31, 2024, the price of one kg silver was Rs 86,017, which has now become Rs 1,60,100 per kg.

Keep these 2 things in mind while buying gold

1. Buy only certified gold: Always buy certified gold with the hallmark of Bureau of Indian Standards (BIS). This number can be alphanumeric i.e. something like this – AZ4524. Hallmarking shows how many carats the gold is.

2. Cross check the price: Cross check the exact weight of the gold and its price on the day of purchase from multiple sources (like the website of India Bullion and Jewelers Association). The price of gold varies according to 24 carat, 22 carat and 18 carat.