Gold and Silver Prices Continue Downward Spiral Amid Global Economic Shifts

Gold prices fell by Rs 450 to Rs 73,600 per 10 grams in the national capital, continuing a downward trend for the third consecutive session due to global market influences. Silver prices also dropped significantly. Market analysts attribute the declines to reduced domestic demand and international economic factors.

Gold prices plummeted by Rs 450 to Rs 73,600 per 10 grams in the national capital on Wednesday, continuing a three-day losing streak amid declining rates in international markets.

In the prior session, gold of 99.9% purity had closed at Rs 74,050 per 10 grams. Silver saw a steep drop of Rs 1,650 to Rs 83,600 per kilogram from Rs 85,250 per kg, according to the All India Sarafa Association.

Domestically, reduced demand from jewellers and retail buyers, coupled with global economic influences, led to the price slump in gold.

(With inputs from agencies.)