Gold-Silver Price Today: Gold prices fall for fourth consecutive day; silver price also decline
Gold and silver prices in India continue to fall. Since the beginning of November, the price of 10 grams of gold has declined in Delhi, Mumbai, Chennai, Kolkata, and other major cities. If you are considering investing in gold or silver at this time, the current prices could be a profitable opportunity.
Recession in the international market and the strengthening of the dollar have also led to a decline in gold prices in the domestic market. Silver prices have also been declining for four consecutive days, raising hopes of new opportunities among investors.
Continuous Decline in Gold Prices
Gold prices have fallen for the fourth consecutive day in the domestic market. In the capital, Delhi, 24-carat gold has fallen to Rs 1,21,620 per 10 grams, while 22-carat gold is selling at Rs 1,11,490 per 10 grams. The strengthening of the dollar and the softening of the global market have impacted prices.
Gold prices have fallen in almost all major cities across the country. In cities like Mumbai, Kolkata, Chennai, and Hyderabad, 22-carat gold has reached Rs 111,340. Investors are seeing this decline as a new opportunity.
Silver prices continue to fall
Like gold, silver has also provided relief. On November 6, the price of silver was Rs 150,400 per kilogram, a decrease of Rs 500 from the previous day. This four-day decline has caused turmoil in the domestic market.
Why are prices falling?
Experts say that the slowdown in the international market, discussions on global interest rates, the strengthening of the dollar index, and fluctuations in crude oil prices are all factors that have put pressure on gold and silver.