Gold prices, which recently surged to nearly ₹90,000 per 10 grams, have been gradually declining. In the latest update, the price of pure gold has dropped by ₹500, bringing the current rate to ₹87,700 per 10 grams in Delhi.
According to market sources, the decline in gold prices is attributed to profit-booking by investors and a decrease in demand from jewelry manufacturers.
Silver prices have also witnessed a decline. The price of silver, which stood at ₹98,500 per kilogram yesterday, has now dropped to ₹96,400 per kilogram.
