October is the month of festivals, this time of year is well-known for celebrations like Diwali and Dhanteras, when buying gold is a common tradition. Dhanteras is an important occasion where people traditionally buy gold for prosperity and good luck. However, with the current spike in prices, many people are hesitant or reconsidering their purchases.
On October 18, the price of 24-carat gold (999 purity) has reached a high of Rs 77,332 per 10 grams, showing how much it has surged. Similarly, silver prices have also increased, reaching Rs 91,935 for 999 purity.
So, if you are thinking about making an investment or purchasing this precious metals it would be wise to hold off a bit- price could settle down in few days.
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