Gold Prices Fall Again After Two-Day Rise

Gold prices, which have been fluctuating since October 22, witnessed a sharp decline today. After peaking at Rs. 97,600 per sovereign on October 17, prices dropped steadily to Rs. 90,000 per sovereign on November 4.

Over the past week, gold rates have been unstable. After a slight recovery the day before yesterday, prices rose by Rs. 1,440 per sovereign, followed by another increase yesterday. On that day, one gram of 22-carat gold was sold for Rs. 11,480, and one sovereign for Rs. 91,840.

Yesterday, prices climbed further – up Rs. 220 per gram and Rs. 1,760 per sovereign – reaching Rs. 11,700 per gram and Rs. 93,600 per sovereign. This marked a total two-day rise of Rs. 400 per gram and Rs. 3,200 per sovereign, as investors’ focus returned to gold.

However, the upward trend was short-lived. Today, gold prices have dropped sharply by Rs. 100 per gram, bringing the rate down to Rs. 11,600 per gram and Rs. 92,800 per sovereign.

Meanwhile, silver prices have increased by Rs. 3 per gram, now selling at Rs. 173 per gram and Rs. 1,73,000 per kilogram.

Gold Price Trend (Last 5 Days)

Silver Price Trend (Last 5 Days)