Gold and Silver Rates Tumble: Check New Prices Here!

India (The Uttam Hindu) : In a surprise move, gold prices in India plummeted on Tuesday, bringing cheer to buyers who have been waiting for a correction in the market. The price of 10 grams of 24-karat gold fell to ₹87933.0, a decline of ₹10 from the previous day's closing price. The decline in gold prices was in line with the global trend, where prices fell due to a stronger US dollar and rising bond yields. The decline was also attributed to the selling pressure in the market, which led to a sharp correction in prices. "Gold prices have been under pressure due to the stronger US dollar and rising bond yields," said a commodity analyst. "The decline in prices is a good opportunity for buyers to invest in gold." The decline in gold prices was also reflected in the silver market, where prices fell by ₹100 to ₹103500.0 per kilogram.

The decline in gold and silver prices is expected to boost demand for the precious metals, which have been lackluster in recent times. "The decline in prices is a good opportunity for buyers to invest in gold and silver," said a jeweler. "We expect demand to pick up in the coming days." The decline in gold prices has also brought cheer to the gem and jewelry industry, which has been facing a slowdown in recent times. "The decline in gold prices will make jewelry more affordable for consumers," said a gem and jewelry industry expert. "We expect demand to pick up in the coming days." Overall, the decline in gold prices is a positive development for buyers, who can now invest in the precious metal at lower prices.

Please note that gold prices are subject to change and may vary depending on the location and market conditions.