Commodities
Gold Rate Falls Below Rs 1.63 Lakh Per 10 Grams Amid Profit Booking
The gold rate in India fell below Rs 1.63 lakh per 10 grams on August 25, due to profit booking, but demand remained high.
Silver prices also declined, dropping over Rs 2,400 to a level of Rs 2,41,800 per kilogram, before recovering from early losses.
The MCX Gold closed at Rs 1,63,229 per 10 grams, while MCX Silver ended the session at Rs 2,44,220 per kilogram on Monday.
According to data from bullion.co.in, the 24-karat gold rate in India was Rs 1,63,840 per 10 grams, with a corresponding 22-karat rate of Rs 1,50,187 per 10 grams.