Commodities
Gold and Silver Prices Plummet in India Amid Global Market Volatility
Gold and silver prices have taken a significant hit in India over the past week. As of October 2, gold has fallen by Rs 4,000, while silver has plummeted by over Rs 11,000. The current price of 22k gold is around Rs 47,500 per 10 grams, down from Rs 51,500 last week. In contrast, 24k gold has seen a decline to Rs 50,300 from Rs 54,100.
The prices in major cities such as Delhi, Mumbai, and Bengaluru have also been impacted, with the rates varying slightly. The drop in prices can be attributed to various market factors, including changes in global demand and supply dynamics.