Gold Prices Decline Across India's Major Cities
Gold prices have declined across most cities in India, according to recent data. The decrease in gold rates is observed across various cities including Coimbatore, Nagpur, Visakhapatnam, Surat, Jaipur, Lucknow, Chandigarh, Indore, Madurai, Bhubaneswar, Patna, Ludhiana, Vadodara, Thrissur, Vijayawada, and Kanpur. The rates for 22-carat gold have dropped by ₹100 per gram in most cities, while the prices for 24-carat gold have decreased by ₹105 per gram.
The price of 1 gram of 22-carat gold is now ₹13,755, down from yesterday's rate. For 8 grams of 22-carat gold, the new price is ₹1,10,040, a decrease of ₹800 from the previous day's rate. The prices for 24-carat gold are also lower, with 1 gram costing ₹14,359 and 8 grams priced at ₹1,14,872.
The decline in gold rates could be attributed to various market factors, including changes in global demand and supply. However, the exact reasons behind this trend remain unclear.