Gold and Silver Rates Drop Today: Key Market Trends

On Wednesday, the price of gold saw a decline across various cities in India. The rate of 24-carat gold dropped to ₹8,945.3 per gram, a decrease of ₹330, while the rate of 22-carat gold fell to ₹8,201.3 per gram, down by ₹300.

On Wednesday, the price of gold saw a decline across various cities in India. The rate of 24-carat gold dropped to ₹8,945.3 per gram, a decrease of ₹330, while the rate of 22-carat gold fell to ₹8,201.3 per gram, down by ₹300.

The price change in the last week for 24-carat gold is a slight increase of 0.7%, but in the last month, the price has fallen by 2.16%. Silver prices remained stable today, holding steady at ₹104,000 per kg.

City-Specific Gold Prices

MCX Futures Prices

Factors Influencing Gold and Silver Prices

Gold and silver prices are influenced by various factors, including global demand, currency fluctuations, interest rates, and government policies. International economic conditions and the strength of the US dollar against other currencies also play a crucial role in determining gold prices in the Indian market.

For investors and buyers, it’s essential to stay updated with the latest trends and market factors that influence these precious metal prices.

As of today, gold and silver prices have experienced a decline across major Indian cities. The ongoing global economic conditions and local factors are expected to continue shaping the trends in precious metal prices in the coming days.

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