Gold Price Crash Continues on MCX and IBJA Markets
Gold prices have fallen significantly on the Multi Commodity Exchange (MCX) and other markets, making it an excellent opportunity for those considering buying gold or investing in it. This marks the second consecutive day of decline this week.
The price of one kilogram of silver has dropped by ₹2,059 to stand at ₹2,28,360 on the MCX, which is over ₹8,000 per kilogram less than its all-time high. Meanwhile, gold prices have decreased by about ₹2,000 per 10 grams.
The India Bullion and Jewellers Association (IBJA) reported that the price of 24-carat gold has reached ₹1,51,328 per 10 grams, down ₹1,855 from its previous value. Other types of gold have also seen a decline in prices, including 22-carat gold at ₹1,38,616 and 18-carat gold at ₹1,13,496.