Punjab Newsline | New Delhi

Gold and silver prices continued their downward trend ahead of Diwali, bringing relief to buyers planning to purchase jewellery during the festive season.

According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold fell by ₹2,282 to ₹1.38 lakh. Meanwhile, silver prices declined by ₹1,264 per kilogram to ₹1.80 lakh.

On Friday, gold was trading at ₹1.40 lakh per 10 grams, while silver was priced at ₹1.81 lakh per kilogram.

Gold Down ₹8,084, Silver Falls ₹39,485 in October

Gold and silver have witnessed a significant decline in prices during October 2026. Gold has become cheaper by ₹8,084 per 10 grams, while silver prices have dropped by ₹39,485 per kilogram over the month.

On October 1, 2026, gold was priced at ₹1.48 lakh per 10 grams, while silver stood at ₹2.20 lakh per kilogram.

The recent decline in bullion prices could offer some relief to consumers preparing for Diwali purchases and the upcoming wedding season. However, actual jewellery prices may vary depending on making charges, GST and other applicable costs.