Gold and silver prices continue to swing sharply, keeping buyers and traders on edge. While prices surge on some days, they drop suddenly on others. After a steep rise earlier, precious metal rates have now taken a clear U-turn, offering much-needed relief to consumers.
On Wednesday, prices climbed sharply and created concern among buyers. However, on Thursday, both gold and silver corrected significantly. As a result, customers who postponed purchases are once again showing interest.
Gold Rates Fall Sharply Across Markets
The price of 24-carat gold dropped notably. Ten grams of pure gold now costs ₹1,54,420, marking a sharp fall of ₹5,020 compared to the previous day. Similarly, 22-carat gold declined by ₹4,600, settling at ₹1,41,550 per 10 grams.
Meanwhile, prices in Delhi followed a similar trend. In the national capital, 24-carat gold stood at ₹1,54,570 per 10 grams, while 22-carat gold traded at ₹1,41,700. Because of this drop, buyers are regaining confidence, especially ahead of the upcoming wedding and festive demand.
Silver Prices Also Witness Major Drop
Silver prices recorded an even sharper correction. After climbing steeply on Tuesday and Wednesday, silver shocked the market with a sudden fall. The price dropped by nearly ₹20,000 per kilogram, pulling rates back to the ₹3 lakh mark.
In Hyderabad, silver currently sells at ₹3,00,000 per kilogram. Likewise, Delhi also reports silver prices at the same level. Traders say such volatility reflects changing global cues and fluctuating demand.
Buyers Watch Market Closely
With prices changing almost daily, buyers are tracking the market carefully before making decisions. Jewellers also expect improved footfall if rates remain stable over the next few days. For now, the sudden dip has eased pressure on customers who were holding back due to rising prices.
As global factors continue to influence bullion markets, experts advise buyers to stay alert. Still, today’s correction has clearly brought temporary relief to gold and silver buyers alike.
