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Commodities

Indian Gold and Silver Prices Plunge Amid Record Highs

Guavy AI Editorial Team
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Silver
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Gold and silver prices have dropped in India on July 28, according to the India Bullion and Jewellers Association (IBJA). Silver is now ₹6,543 cheaper per kilogram at ₹2.18 lakh/kg, while gold has fallen by ₹1,907 to ₹1.43 lakh/10 grams.

The price of 24-carat gold in major cities across the country varies, with Delhi seeing a price of ₹1,44,320/10 grams and Mumbai at ₹1,44,170/10 grams.

This decline comes after gold reached an all-time high of ₹1.76 lakh on January 29, while silver hit a record ₹3.86 lakh in the same month.

Commodity expert Ajay Kedia forecasts that by the end of the year, gold could once again reach ₹1.60 lakh and silver could reach ₹2.80 lakh.

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