Gold Rate Crash: Gold and silver prices are crashing once again. If you are considering buying gold or investing in it, this is an excellent opportunity. For the second consecutive day this week, gold and silver prices have declined on the Multi Commodity Exchange (MCX) and the https://ibjarates.com/ market. Silver prices on the MCX have dropped by more than ₹8,000 per kilogram, making them over ₹1.94 lakh cheaper than their all-time high. Meanwhile, gold prices have decreased by about ₹2,000 per 10 grams.
Gold prices fell on September 2. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold dropped by ₹1,855. Similarly, the price of one kilogram of silver fell by ₹2,059 to stand at ₹2,28,360. Let us look at the current prices for 24-, 22-, and 18-carat gold.
24-Carat Gold
According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold has reached ₹1,51,328 per 10 grams, down ₹1,855.
23-Carat Gold
According to the India Bullion and Jewellers Association (IBJA), 23-carat gold has fallen to ₹1,50,722.
22-Carat Gold
According to the India Bullion and Jewellers Association (IBJA), the price of 22-carat gold has fallen to ₹1,38,616.
18-Carat Gold
According to the India Bullion and Jewellers Association (IBJA), the price of 18-carat gold has fallen to ₹1,13,496.
14-Carat Gold
According to the India Bullion and Jewellers Association (IBJA), the price of 18-carat gold has dropped to ₹88,527.
Silver Price
According to the India Bullion and Jewellers Association (IBJA), the price of one kilogram of silver has decreased by ₹2,059, settling at ₹2,28,360.
How much have silver prices dropped?
Silver prices have been in continuous decline. On the last trading day of August, the futures price for one kilogram of silver closed at ₹2,33,841. In just two trading days, the price fell by ₹8,175 per kilogram, while gold prices dropped by ₹1,902 per 10 grams over the same period.