A major update has come in! Due to the ceasefire between Israel and Iran, there is significant pressure on gold and silver prices in the global market. This is good news for those planning to buy jewelry or invest in precious metals. But how much further can prices drop, and what do experts say? Let’s find out.
Gold & Silver Prices Drop Sharply
Last night, both gold and silver prices witnessed a major fall. This comes after continuous price hikes in the last few weeks when rates had touched record levels, leaving buyers worried. However, for the past three trading sessions, prices have been on a downward trend.
As of today, here are the latest silver prices in India:
- 1 gram silver price – ₹114.34
- 8 grams silver price – ₹914.75
- 10 grams silver price – ₹1,143.44
- 100 grams silver price – ₹11,434.42
- 1 kg silver price – ₹14,344.20
This means silver prices have dropped by ₹600 per kg, which is excellent news for buyers and investors.
Why Are Gold and Silver Prices Falling?
Experts say this sudden decline is due to reduced buying from China and Russia, who were previously purchasing large quantities of gold. Recently, demand from China has dropped significantly, and as we predicted earlier, as soon as China and Russia slowed down their purchases, gold and silver prices would fall—and that’s exactly what happened.
Analysts believe this downtrend may continue in the coming days. So, if you are planning to buy jewelry or invest in gold or silver, this could be the right time.
Latest Gold Rates in India (18K, 22K & 24K)
18K Gold Price
- 1 gram – ₹7,969
- 10 grams – ₹79,690
(Prices have dropped by around ₹5,000 per 100 grams recently.)
22K Gold Price
- 1 gram – ₹9,603
- 8 grams – ₹76,824
- 10 grams – ₹96,300
(Per 10 grams gold became ₹425 cheaper yesterday.)
24K Gold Price (Pure Gold)
- 1 gram – ₹9,839
- 8 grams – ₹78,712
- 10 grams – ₹98,390
- 100 grams – ₹9,83,900
Should You Buy Now?
With the ongoing decline and geopolitical stability, experts predict further corrections in gold and silver prices. If you were planning to buy jewelry or invest in bullion, this is a great opportunity.
