Gold and silver prices decline for third straight day, 22-carat gold down to ₹13,890

Steady decline in gold rates over the past three days brings relief to buyers, while silver prices record a significant drop compared to yesterday.

Gold prices have continued to soften, registering a decline for the third consecutive day, offering some relief to consumers and jewellery buyers. Market data shows that the downward trend has been consistent over the last few days, indicating a cooling phase in precious metal prices.

As per the latest rates, 24-carat gold is now priced at ₹15,153 per gram. The price of 22-carat gold stands at ₹13,890 per gram, while 18-carat gold is being sold at ₹11,365 per gram.

A clear comparison highlights the drop in rates. Just yesterday, 22-carat gold was priced at ₹14,720 per gram, but today it has come down sharply to ₹13,890 per gram, marking a notable reduction in a single day.

Also Read:Gold price plummets ₹9,140 per 10g, silver drops ₹27,000 - Shocking one-day record decline

Silver prices have also witnessed a steep fall. The cost of one kilogram of silver is currently ₹3,00,000. This is a significant decrease when compared to yesterday’s rate of ₹3,50,000 per kilogram, reflecting a sharp correction in the silver market as well.

For buyers, especially those planning purchases in the near term, the current dip may present an opportunity. However, traders advise keeping an eye on daily movements, as prices remain sensitive to market developments.

With both gold and silver showing a downward trend, the coming days will be closely watched to see whether prices stabilise or decline further.