Punjab Newsline | New Delhi
Gold and silver prices declined sharply this week, according to the India Bullion and Jewellers Association (IBJA). The price of 24-carat gold fell by ₹4,796 per 10 grams to ₹1.42 lakh, compared with ₹1.46 lakh on October 17.
Silver prices also recorded a significant drop. The price of silver fell by ₹16,503 per kilogram to ₹1.94 lakh, down from ₹2.11 lakh last week.
Both precious metals witnessed a decline in September as well. During the month, gold prices dropped by ₹8,000 per 10 grams, while silver became cheaper by around ₹15,000 per kilogram.
On August 31, gold was priced at ₹1.56 lakh per 10 grams. By September 30, its price had fallen to ₹1.48 lakh.
Similarly, silver prices declined from ₹2.37 lakh per kilogram on August 31 to ₹2.22 lakh by September 30. The latest weekly decline adds to the correction seen in gold and silver prices over the past two months.
