Thu Nov 07 21:46:31 UTC 2024: ## Silver Prices Drop on Diwali, Gold Remains Steady
**New Delhi, October 31, 2024:** As India celebrates Diwali, a festival synonymous with prosperity, silver prices have taken a dip, offering a glimmer of hope to those looking to purchase silver ornaments.
The Multi Commodity Exchange (MCX) saw silver futures for December delivery fall by ₹726 or 0.74% to ₹97,014 per kilogram. The decline was attributed to reduced trading activity.
Meanwhile, gold prices remained relatively stable, holding at ₹81,170 per 10 grams for 24-carat gold.
Globally, silver prices in New York fell by 0.27% to $33.68 per ounce.
For those interested in buying gold jewelry, the Indian Bullion and Jewellers Association (IBJA) provides real-time rates through SMS. Simply miss a call to 8955664433 to receive the latest prices for 22-carat and 18-carat gold jewelry. Alternatively, visit http://www.ibja.co or ibjarates.com for updated rates.
Diwali, the festival of lights, is a time when many Indians traditionally purchase gold and silver, believing it to bring good fortune. While silver prices have declined, the steady gold prices provide a mixed bag for those seeking to celebrate Diwali with precious metal purchases.
First Piper 