Gold and silver prices fell again today, marking the second straight day of decline in the bullion market.
Gold Price Update
The 24-carat gold price dropped by Rs 8,620, bringing the rate to Rs 1,60,580 per 10 grams compared to yesterday’s Rs 1,69,200. Similarly, 22-carat gold slipped by Rs 7,900, now trading at Rs 1,47,200 per 10 grams. The 18-carat gold price also fell by Rs 6,460, reaching Rs 1,20,440 per 10 grams from Rs 1,24,900.
Silver Price Update
Silver recorded the steepest fall in recent days. The price per kilogram plunged by Rs 55,000, sliding from Rs 4,05,000 yesterday to Rs 3,50,000 today.
Market Impact
The sharp decline in gold and silver prices has surprised traders and investors. With bullion values dropping consecutively, buyers may find this an opportunity to invest, while sellers face reduced margins. Analysts continue to monitor global cues and domestic demand to assess whether this downward trend will persist.
