Gold prices saw a significant drop today, bringing relief to buyers planning to invest in jewellery. The price of gold has decreased by Rs 190 per gram, with 22-carat gold now being sold at Rs 11,550 per gram.
The price of one sovereign (8 grams) has also dropped sharply by Rs 1,520. Yesterday, a sovereign was priced at Rs 93,920, but today it is being sold at Rs 92,400.
Silver Prices Also Decline
Silver prices continued their downward trend. After dropping Rs 3 per gram yesterday, silver fell further by Rs 5 today, bringing the rate to:
– Rs 175 per gram
– Rs 1,75,000 per kg
Will Gold Prices Drop Further?
Experts say global market fluctuations and changes in the dollar value are influencing the current price correction. While minor ups and downs may continue, a long-term trend will depend on international economic cues and festive-season demand in India.
