Today the prices of gold have fallen significantly. Gold has become cheaper by 1.18% compared to yesterday. As a result, the price of 24-carat gold in the domestic market has declined by about ₹1,680 per 10 grams to ₹1,40,540. Yesterday, the price of 24-carat gold was ₹1,42,220. In the international market (COMEX) too, gold prices are trading 0.02% lower at $3,991.90 an ounce. The fall in the price of gold below the important level of $4,000 per ounce indicates that the demand for this metal as a safe investment has reduced.
**How much did the prices of 22-carat and 18-carat gold fall?**
Today the price of 22-carat gold has decreased by ₹410 per 10 grams. Yesterday its price was ₹ 1,31,000 per 10 grams, which has now come down to ₹ 1,30,590. Prices of 18-carat gold also declined; It has fallen from ₹1,06,665 per 10 gram yesterday to ₹1,05,405 today – a huge fall of ₹1,260.
**Great opportunity to buy gold**
The price of 22-carat gold, used in making jewellery, has fallen below the crucial level of ₹1.31 lakh. Even after adding showroom making charges and GST, the final price will still be lower than yesterday’s rate. The base rate of 18-carat gold has also declined by more than ₹1,200. As a result, you can save a lot when buying diamond and gold studded jewelery today.
**Silver has also become cheaper**
Silver prices on COMEX are trading 0.63% lower at $55.83 per troy ounce. Silver is an industrial metal and the recent decline in global tech stocks is having an impact on it. Silver prices in India today fell by a massive 2.3% and closed at ₹2,15,000 per kg. Yesterday its price was ₹2.20 lakh per kg; That means there has been a decrease of ₹ 5,000 compared to yesterday.