Gold and Silver Prices Plummet Amid West Asia Conflict Fears
Gold and silver prices have plummeted in India amid fears of renewed hostilities in the West Asia conflict. On Tuesday, September 2, gold prices in various cities across the country recorded a significant decline. In Delhi, the price of 24 karat gold dropped to Rs 1,50,710 per 10 grams, down by Rs 1450 from the previous day.
Similar trends were observed in other major cities, including Hyderabad, Bengaluru, Mumbai, Kolkata, Thiruvananthapuram, and Chennai. The price of 24 karat gold ranged from Rs 1,50,600 to Rs 1,50,850 per 10 grams, with a decline of Rs 1280 to Rs 1500.
Meanwhile, silver futures also witnessed a downward trend in prices, with the white metal trading at Rs 2,32,350, down by Rs 2430. This decline is attributed to the ongoing conflict in West Asia, which has led to increased uncertainty and volatility in the global market.