Significant Drop in Gold-Silver Prices; Silver Cheaper by Rs 2,477, Gold Also Declines

New Delhi – In the international market and the continuously rising bullion market in the country, there had been an increase in gold and silver prices for the past few days. However, after silver reached a peak yesterday, today, as investors decided to book profits, silver prices fell by about Rs 2,477. Similarly, the rate of 24-carat gold also dropped by Rs 459.

The current rate of 999-purity silver is approximately ₹1,75,713 per kilogram, and with GST, it is ₹1,80,984 per kilogram. This decline in gold and silver is significant for both investors and consumers — because if the prices decrease for those buying jewelry, there is a likelihood of increased demand.

In brief

• In the international market and the continuously rising bullion market in the country, there had been an increase in the prices of gold and silver in the past few days.

• However, after silver reached a peak yesterday, investors decided to book profits today, resulting in a decrease of approximately ₹2,477 in silver prices.

• Similarly, the rate of 24-carat gold also fell by ₹459.