As October ushers in a wave of Indian festivals, including the much-awaited Karva Chauth, there’s good news for shoppers in Madhya Pradesh. Ahead of the celebrations, gold and silver prices have witnessed a significant dip in the state’s bullion markets, offering a golden opportunity for those planning festive purchases or gifts.
💍 Gold Prices Fall Ahead of Karva Chauth
On October 4, the price of 22-carat gold in Madhya Pradesh dropped by ₹800 per 10 grams compared to the previous day. According to BankBazaar.com, the new rates are:
- ₹10,865 per gram
- ₹86,920 per 8 grams
- ₹1,08,650 per 10 grams
This marks a notable decline from October 3, when prices were ₹80 to ₹800 higher across various weight categories.
For 24-carat gold, the drop was even steeper—₹840 per 10 grams. The updated prices as of October 4 are:
- ₹11,408 per gram
- ₹91,264 per 8 grams
- ₹1,14,080 per 10 grams
These revised rates are now applicable across all major bullion markets in Madhya Pradesh.
🥈 Silver Prices Also See Major Correction
Silver has followed suit, with a sharp ₹2,000 per kilogram drop. On October 3, silver prices had surged, but by October 4, they settled at ₹1,61,000 per kilogram, bringing relief to buyers ahead of the festive season.
🎁 Perfect Time for Festive Gifting and Investment
With Karva Chauth around the corner, this price correction presents an ideal moment for husbands planning to gift jewelry to their wives, or for anyone considering gold and silver investments. The festive season combined with falling prices is creating a favorable market for buyers across the state.
As celebrations begin, this dip in precious metal rates is a welcome surprise for the common man, adding sparkle to the season of joy.