Gold, Silver Prices Fall in India: Check City Wise Prices - September 1

On September 1, gold prices in India saw a noticeable decrease.

The cost of gold was around Rs 73,000 per 10 grams. For 24-carat gold, which is the purest form, the price was Rs 73,040 per 10 grams.

This higher price reflects the metal's premium quality.

If you’re interested in buying gold for jewellery, 22-carat gold, which is more durable because of its alloy content, was priced at Rs 66,950 per 10 grams.

This type of gold is commonly used in jewellery due to its strength and ability to hold intricate designs well.

Silver also saw a significant price, trading at Rs 87,000 per kilogram. This price is important for both investors and those using silver in various applications.

The recent decline in gold prices in India is linked to global economic developments.

The US dollar has strengthened and US Treasury yields have risen following new inflation data from the United States.

These factors have led to a decrease in the international gold price, which in turn affects local markets.

As a result, both investors and buyers are seeing changes in the prices of precious metals and adjusting their purchasing decisions accordingly.