Gold Price Drops
Bhubaneswar: Gold prices in India witnessed a slight decrease on Thursday as compared to last few days.
According to reports, the price of yellow metal 22K (10 grams) stood at Rs 55,500 against Rs 55,600 on wednesday. But, 20KT gold price stood at 50,700 as before.
Prices of 18KT came down from Rs 45,700 to 45,600 and prices of 14KT stood at 35,800 against 35,900 on Wednesday. Prices of 23KT gold (10 gram) remained unchanged at Rs 58,000.
Likewise, the price of silver metal also slashed today. Silver price stood at Rs 71,800 against Rs 72,200 per kilogram yesterday. It may be noted that the gold price can vary as per the MCX and dealer to dealer.
Gold is considered an important part of India’s economy and social life due to cultural significance, investment value, and its traditional role in weddings and festivals.
Notably, the gold and silver prices in India are generally influenced by a variety of factors, including global economic conditions, inflation rates, currency fluctuations, and local demand and supply dynamics.
