Punjab Newsline | New Delhi
Gold and silver prices witnessed a significant decline on September 28, extending the downward trend seen throughout the month. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold dropped by ₹4,065 per 10 grams, bringing it down to ₹1.48 lakh.
Silver prices also fell sharply, with one kilogram becoming cheaper by ₹9,158. The metal is now trading at ₹2.23 lakh per kg.
The precious metals market has seen a notable correction in September. In the first 28 days of the month, gold prices have fallen by nearly ₹8,000 per 10 grams, while silver has declined by around ₹14,000 per kg.
On August 31, gold was priced at ₹1.56 lakh per 10 grams. Since then, it has slipped to ₹1.48 lakh. Similarly, silver prices have dropped from ₹2.37 lakh per kg at the end of August to ₹2.23 lakh per kg.
Market analysts attribute the decline to changing global trends and fluctuations in investor sentiment, leading to a correction in precious metal prices after recent highs.
