According to the All India Bullion Association, traders attribute this latest price drop to the diminishing demand from local jewelers and stockists. The ongoing decrease in gold prices has been a notable trend in recent days.

As September begins, the downward movement in gold prices persists, as evidenced by the fall in gold rates on the 3rd of the month. Individuals planning to purchase gold or silver ahead of Ganesh Chaturthi are advised to check the current prices before making any transactions.

Here are the current rates for gold in various cities:

• Mumbai: 22 carat 10 gm gold – Rs.66,690, 24 carat 10 gm gold – Rs.72,760
• Delhi: 22 carat 10 gm gold – Rs.66,840, 24 carat 10 gm gold – Rs.72,910
• Chennai: 22 carat 10 gm gold – Rs.66,690, 24 carat 10 gm gold – Rs.72,760
• Hyderabad: 22 carat 10 gm gold – Rs.66,690, 24 carat 10 gm gold – Rs.72,760
• Vijayawada: 22 carat 10 gm gold – Rs.66,690, 24 carat 10 gm gold – Rs.72,760
• Kerala: 22 carat 10 gm gold – Rs.66,690, 24 carat 10 gm gold – Rs.72,760
• Bengaluru: 22 carat 10 gm gold – Rs.66,690, 24 carat 10 gm gold – Rs.72,760

The price of silver has also seen a decline, currently standing at Rs.85,900 per kg.

The post The Continued Decline in Gold and Silver Prices: What You Need to Know appeared first on Vizag One.