On Saturday, a noticeable drop in the prices of gold and silver was observed across the country. In major cities like Delhi, Rajasthan, and Uttar Pradesh, the price of 22-carat gold has now fallen below ₹73,000. Meanwhile, 24-carat gold is trading around ₹79,000. Additionally, in cities like Mumbai, Chennai, and Bihar, the price of gold has reached ₹72,300, marking a decline from the previous few days.
Silver Prices Also See a Drop
Along with gold, silver prices have also experienced a decline. The price of 1 kilogram of silver is now around ₹93,500, compared to ₹96,500 yesterday. This marks a difference of ₹3,000, creating a new opportunity for investors.
Reasons Behind the Decline
The recent increase in gold prices was followed by a fall of ₹550 today, bringing the price of 22-carat gold to ₹73,000. Similarly, 24-carat gold has dropped by ₹500, now trading around ₹79,000.
An Opportunity for Investors
After a period of rising gold and silver prices, today’s drop presents a major opportunity for investors. If you have been considering investing in gold or silver, this dip might prove to be beneficial.
Current Rates in Major Cities (as of December 14, 2024):
- Delhi/Rajasthan/UP: 22-carat gold – ₹73,000, 24-carat gold – ₹79,000
- Mumbai/Chennai/Bihar: 22-carat gold – ₹72,300
- Silver: ₹93,500 (1 kg)
With this decline in prices, investors have a great opportunity, but they should act quickly as prices could fluctuate again.
