Gold and silver prices have fallen for the third consecutive trading day on October 22. According to India Bullion and Jewelers Association (IBJA), 10 grams of 24 carat gold has fallen by Rs 953 to Rs 1.43 lakh. The price of one kg silver has decreased by Rs 8,002 to Rs 2.01 lakh. At the same time, gold has become cheaper by Rs 3,200 thousand and silver by Rs 10 thousand in three days. According to commodity expert Ajay Kedia, the main reasons for this are the strengthening of rupee against the dollar and rise in the price of crude oil. Gold became cheaper by Rs 8 thousand and silver by Rs 15 thousand in September. Earlier in the last month i.e. in September, gold became cheaper by Rs 8 thousand and silver by Rs 15 thousand. On August 31, gold was at Rs 1.56 lakh per 10 grams, which came down to Rs 1.48 lakh on September 30. Similarly, the price of 1 kg silver fell from Rs 2.37 lakh to Rs 2.22 lakh. Will this decline last? Experts believe that at present the prices of gold and silver may remain fluctuating: Keep 2 things in mind while buying gold from jewelers. 4 ways to identify genuine silver.
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Gold became cheaper by ₹ 3 thousand, silver by ₹ 9 thousand in 3 days: The price of 10 grams of gold became ₹ 1.43 lakh, silver came at ₹ 2.01 lakh.
