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Big Drop in Gold and Silver Prices on Mahanavami
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News18•19-10-2026, 09:14
Big Drop in Gold and Silver Prices on Mahanavami
- •Gold and silver prices have registered a significant decline ahead of Mahanavami and Dussehra.
- •In Mumbai, 22-carat gold is priced at Rs 1,35,340 per 10 grams and 24-carat gold stands at Rs 1,47,650 per 10 grams.
- •Silver prices have also dropped, with the morning rate recorded at Rs 2,29,900 per kg.
- •The price drop is expected to trigger a huge rush among customers for festival shopping today.
Key Questions Answered
On October 19, the price of 22-carat gold in Mumbai is Rs 1,35,340 per 10 grams, while 24-carat gold stands at Rs 1,47,650 per 10 grams. Meanwhile, the price of silver is Rs 2,29,900 per kg.
According to a Financial Times report, gold prices increased by 2 percent to reach $4,075 per troy ounce as investors weighed the possibility of another interest rate hike by the US central bank, the Federal Reserve.
The rates provided are from MCX, so if you purchase gold in the bullion market, actual prices may vary due to the addition of GST and making charges.
