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Gold, silver price on October 31 in Mumbai, Delhi; check the latest prices in your city
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3 min read | Updated on October 31, 2024, 11:16 IST
SUMMARY
Gold traded at ₹81,320 per 10 grams in Delhi and ₹81,170 per 10 grams in Mumbai on Thursday. Silver rallied further by ₹1,000 to ₹1,00,100 per kg in Delhi, Mumbai, and Kolkata.
Gold and Silver Price Today (October 31): Gold jumps ₹710 on festive buying
Gold prices advanced for the second day in major Indian cities in early trade on Thursday, October 31, driven by strong festive demand. Gold prices jumped by ₹710 to trade above ₹81,000 per 10 grams in Delhi and Mumbai.
The yellow metal traded at ₹81,320 per 10 grams in Delhi and ₹81,170 per 10 grams in Mumbai.
According to experts, strong demand for gold amid the Diwali festival drove the prices. A pick-up in sales during the Dhanteras festival also boosted the prices. Gold hit record-high levels in global markets in overnight trade, supporting local prices.
The spot gold was trading marginally down at $2,786 an ounce in Asian trade. The metal hit a record high of $2,790 an ounce in overnight trade.
Gold Price Today in India (October 31, 2024)
In Delhi markets, 24K gold prices rose by ₹710 to ₹81,320 per 10 grams and 22K gold by ₹650 to ₹74,560 per 10 grams.
Below is a detailed breakdown of gold prices across key cities:
Gold Price Today in Major Cities:
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | ₹74,560 | ₹81,320 |
| Mumbai | ₹74,410 | ₹81,170 |
| Chennai | ₹74,410 | ₹81,170 |
| Kolkata | ₹74,410 | ₹81,170 |
Silver Price Today in India (October 31, 2024)
Silver prices jumped further by ₹1,000 per kg in major Indian cities in early trade on Thursday on strong demand from coin makers amid the festive buying by customers. Customers are turning to silver coins for gifting purposes this year due to high gold prices, which drives white metal prices.
Silver rallied further by ₹1,000 to ₹1,00,100 per kg in Delhi, Mumbai and Kolkata on Thursday.
Spot Silver traded lower at $33.63 an ounce in global markets. The metal hit a high of $33.90 in overnight trade.
Silver Price Today in Major Cities:
| City | Silver Price (per kg) |
|---|---|
| Delhi | ₹100,100 |
| Mumbai | ₹100,100 |
| Chennai | ₹1,09,100 |
| Kolkata | ₹100,100 |
Comparison of Gold and Silver Prices This Week
Gold prices rose for the third day this week amid strong festive demand. Buying gold and silver is considered auspicious on Dhanteras, which has supported the price surge. Positive global trends also aided the rise in prices of the precious metal. Silver also advanced for the second day of festive buying.
Here’s a comparison of gold and silver prices from earlier this week:
| Date | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver Price (per kg) |
|---|---|---|---|
| Oct 31, 2024 | ₹74,410 | ₹81,170 | ₹100,100 |
| Oct 30, 2024 | ₹73,760 | ₹80,460 | ₹99,100 |
| Oct 29, 2024 | ₹73,140 | ₹79,790 | ₹97,900 |
| Oct 28, 2024 | ₹73,590 | ₹80,280 | ₹97,900 |
| Oct 26, 2024 | ₹73,600 | ₹80,290 | ₹98,000 |
| Oct 25, 2024 | ₹72,840 | ₹79,460 | ₹101,900 |
| Oct 24, 2024 | ₹73,410 | ₹80,080 | ₹104,100 |
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