Gold Prices Fall Sharply: 24K Gold Drops ₹36,600 in Just 10 Days

Gold Prices: In today’s era, everyone is very cautious about gold prices, especially when it touches both our pockets and emotions. If you are also thinking of buying or investing in gold, then this news is very important for you. In the last few days, there has been a continuous decline in the price of gold, which has become a matter of concern for many people.

International impact and market conditions

While gold prices are going down in the retail market of India, the price of 10 grams of gold on MCX has seen an increase of about 2%. The main reason for this is the rise in gold prices in the international market and the weakness of the US dollar. Due to the weakening of the dollar, investors and traders are being attracted to gold, which is increasing the appetite for trading.

Current scenario of gold prices in India

24 carat gold is now trading at ₹9,50,200 for 100 grams, down by ₹4,900 on May 20. The price of 10 grams has reached ₹95,020. At the same time, the price of 22 carat gold has gone up to ₹8,71,000 for 100 grams and ₹87,100 for 10 grams. There has also been a decline in 18 carat gold, where the price of 100 grams has been recorded at ₹7,12,700 and ₹71,270 for 10 grams.

This fall in prices is important for both gold investors and buyers. While some people may suffer losses due to this, for some it can also be a good opportunity to invest in gold.

Disclaimer: This article is written for information and general understanding only. Consult an expert before taking any investment decision. The rights of gold and silver are reserved with the respective manufacturer and seller.

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