The prices of gold and silver, which have been recording for the past several days, fell drastically on Tuesday. At the same time, this decline in both precious metals came 15 days later. According to experts, this decline has occurred due to the decrease in the futures market and the global price of gold. Due to this, there is also a slight look in the market. On Tuesday, gold was cheaper by Rs 550 compared to Rs 44,050 per ten grams (standard). Silver fell by Rs 600 to Rs 49,800 per kg.
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Bullion traders say that a further decline in both precious metals is awaited. Given the fall of last Tuesday, people investing in gold are getting nervous. Market experts say that due to the fluctuations in the international market, gold prices were constantly increasing, but now there are signs of stability.
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In the state's second-largest city Bilaspur, the price of 24-carat gold has reached a record level of Rs 43 thousand 700. There is silence in the bullion market. Due to the increase in prices, the trend of women is now moving towards artificial jewelry. The rate of 1 kg of silver has also reached 49 thousand 500 rupees. Gold and silver prices have seen an increase for five consecutive days.
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In the international market, yellow metal has gone up again. On Tuesday, there has been talk of a slight decline in big cities, despite this, there has been no difference in the bullion market of its judicial system. The price of gold per 24 grams of 24 carats was 43 thousand 700 and the price of gold per 10 grams of 23 carats was 42 thousand rupees. The price of 22 carat per 10 grams of gold was 41 thousand one hundred rupees.