Tremendous fall in the prices of gold and silver, the price fell by so many thousands in a week

Gold Price: There is great news for customers planning to buy gold and silver this week. There has been a huge fall in the prices of gold and silver last week. According to the data of India Bullion and Jewelers Association (IBJA), in the last one week, gold prices have decreased by Rs 1,531 per 10 grams and silver prices have decreased by Rs 4,382 per kg.

Gold prices fall

According to the data released by IBJA, during this week (16 December to 20 December 2024), the price of 24 carat gold was Rs 76,908 per 10 grams on Monday, which fell to Rs 75,377 per 10 grams on Friday. There were continuous fluctuations in the prices of gold during the week, but overall it became a profitable situation for the buyers.

what was the price on which day

Talking about the daily price, on December 16, 2024, the price per 10 grams was Rs 76,908. On December 17, 2024, this price became Rs 76,362 per 10 grams. After this, on December 18, 2024, the price of 10 grams of gold became Rs 76,658. Whereas, on December 19, 2024, this price was Rs 76,013 and
On December 20, 2024, this price came to Rs 75,377 per 10 grams.

Silver prices also declined

A big fall in silver prices was also recorded this week. While on Monday the rate of silver was Rs 89,515 per kg, on Friday it came down to Rs 85,133 per kg.

• 16 December 2024: Rs 89,515 per kg
• 17 December 2024: Rs 88,525 per kg
• 18 December 2024: Rs 89,060 per kg
• 19 December 2024: Rs 87,035 per kg
• 20 December 2024: Rs 85,133 per kg

IBJA rates and GST

IBJA provides information about gold and silver rates across the country, which is commercially recognized. However, these rates do not include GST and making charges. Customers should purchase only keeping this in mind.

right time to invest

Experts believe that investors can benefit from this fall in gold and silver prices. This is not only the right time to buy jewellery, but it can also be a better opportunity for investment. Actually, how the prices will be in the coming days will depend on the global market and domestic demand. But for now, gold and silver buyers can take full advantage of this opportunity.

Disclaimer: (The information provided here is being provided for information only. It is important to note here that investment in the market is subject to market risks. Always seek expert advice before investing money as an investor. ABPLive.com does not advise anyone It is never advisable to invest money here.)

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