Punjab Newsline | New Delhi
Gold and silver prices continued to decline for the second consecutive trading session on October 21. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold fell by ₹1,884 to approximately ₹1.44 lakh.
Silver prices also witnessed a significant drop, with the price of one kilogram falling by ₹2,900 to ₹2.06 lakh.
Over the past two trading sessions, gold has become cheaper by around ₹2,300, while silver prices have declined by approximately ₹5,000.
Gold and Silver Prices Declined in September Too
The downward trend in precious metal prices was also visible in September. During the month, gold prices fell by around ₹8,000 per 10 grams, while silver became cheaper by approximately ₹15,000 per kilogram.
On August 31, gold was priced at ₹1.56 lakh per 10 grams. By September 30, its price had dropped to ₹1.48 lakh.
Similarly, silver prices declined from ₹2.37 lakh per kilogram on August 31 to ₹2.22 lakh on September 30.
The latest decline comes after the substantial correction recorded in September, with both precious metals witnessing further price reductions in recent trading sessions.
Note: Prices are based on the figures provided by IBJA. Retail jewellery prices may vary depending on making charges, GST and other applicable costs.
