Gold Price Update – The wedding season is about to begin, and before that, there’s some good news from the bullion market. Gold and silver prices are seeing a sharp drop, bringing great joy to customers. The strengthening of the dollar in the international market has dulled the metal’s lustre.

In the past few weeks, the price of gold has dropped by up to ₹12,000 per tola. This means that the sharp drop yesterday indicates good news. If a family member is getting married, you can easily buy gold, eliminating confusion. We’re providing you with the latest gold rates below; read the report below.

How much is gold selling for?

Gold has fallen sharply since Diwali. On October 18, 24-carat gold reached an all-time high of ₹130,874 on the Indian Bullion and Jewellers Association. However, on Tuesday evening, its price fell to ₹118,042. This means that within 12 days, the price of gold fell by approximately ₹12,831.

This brought a lot of excitement to customers. This was like good news for them. It was once thought that gold prices would not hold, but after Dhanteras, prices continued to fall. The continued decline in gold prices from Tuesday morning to evening brought a sigh of relief. This is a great opportunity for those with a wedding in their family. Such families can turn the occasion into an opportunity.

Downward Trend Continued Throughout the Day

According to an IBJA report, the decline continued throughout the day yesterday. At 12 noon, the price of 24-carat gold was recorded at ₹119,164. At 5 pm, it was recorded at ₹118,043. This means a decline of ₹1121 in five hours. Gold became cheaper by ₹3034 compared to the previous day. On Monday, the price of 24-carat gold was seen trending at ₹1,21,077 per ten grams.

Prices change five days a week.k

For your information, the bullion market is very active five days a week. Rates are revised on IBJA only from Monday to Friday. No latest rate information is available on IBJA on Saturdays and Sundays. The trading days of the week are considered to be Monday, Tuesday, Wednesday, Thursday, and Friday.