Gold and Silver Prices Decline for Fourth Consecutive Day
Gold and silver prices have dropped for the fourth consecutive day, causing noteworthy shifts in the bullion market.
Current Gold Prices
The price of 24-carat gold decreased by ₹9,050. As a result, ten grams of 24-carat gold is now priced at ₹1,51,530. This decline has raised eyebrows, particularly among investors and jewellers.
22-Carat Gold Price Update
In a similar fashion, the price of 22-carat gold has also tumbled. It fell by ₹8,300, bringing the current price to ₹1,38,900 for ten grams. Buyers and sellers are adapting swiftly to these changes.
Silver Price Trend
Silver experienced a significant drop as well. Its price per kilogram fell by ₹20,000, resulting in a new total of ₹3,00,000. This decrease has intensified the volatility within the precious metals market.
Market Reactions and Predictions
The declining prices of gold and silver have sparked concerns among stakeholders in the bullion sector. Analysts predict further fluctuations in the market in the coming days. Monitoring these trends will be essential for investors and jewellers alike.
Summary of Price Changes
| Metal Type | Price Change | Current Price |
|---|---|---|
| 24-Carat Gold | ₹9,050 drop | ₹1,51,530 for 10g |
| 22-Carat Gold | ₹8,300 drop | ₹1,38,900 for 10g |
| Silver | ₹20,000 drop | ₹3,00,000 per kg |
As developments unfold, stakeholders should keep an eye on the market for any potential adjustments.
