Before the New Year, there is some good news for buyers of gold and silver
On December 31, prices of both precious metals dropped sharply, bringing relief to the common man.
While gold prices declined, the fall in silver was much steeper.
Let’s take a closer look at today’s rates and what they mean for you.
Gold Prices See a Notable Dip
Gold prices fell sharply on December 31. On the MCX at around 10:30 am, the price of gold dropped by more than ₹800 per 10 grams.
The current price stands at ₹1,35,855 per 10 grams.
During the day, gold touched a low of ₹1,35,618 and a high of ₹1,36,327 per 10 grams.
For comparison, gold had closed yesterday at ₹1,36,666 per 10 grams and opened today at ₹1,36,327.
This shows a clear downward trend in prices.
Silver Prices Fall Much More Sharply
Silver saw an even bigger drop than gold. On MCX, the price of silver fell by more than ₹15,000 per kg.
Currently, silver is trading at ₹2,35,877 per kg.
So far today, silver has touched a low of ₹2,32,228 per kg and a high of ₹2,42,000 per kg.
This sharp decline could attract buyers looking to invest or make purchases before the New Year.
Latest Gold and Silver Prices in Major Cities
Here are the current gold and silver rates in some key cities:
Patna: Gold ₹1,35,940 | Silver ₹2,38,530
Jaipur: Gold ₹1,35,870 | Silver ₹2,37,210
Kanpur: Gold ₹1,35,920 | Silver ₹2,37,300
Lucknow: Gold ₹1,35,920 | Silver ₹2,37,300
Bhopal: Gold ₹1,36,030 | Silver ₹2,37,490
Indore: Gold ₹1,36,030 | Silver ₹2,37,490
Chandigarh: Gold ₹1,35,890 | Silver ₹2,37,240
Raipur: Gold ₹1,35,830 | Silver ₹2,37,150
With prices dropping just before the New Year, this could be a good opportunity for buyers and investors to keep a close watch on the market.
