Gold, silver prices fall from record highs

 

THE gold and silver rates have fallen from their record highs on November 2. Gold price has fallen to Rs 78,900 per 10 grams from its record high at Rs 80,200 per 10 grams,adecline of Rs 1,300 per 10 grams. While silver price was quoted at Rs 95,000 per kg as compared to its recent high of Rs 1 lakh per kg, a fall of Rs 5,000 per kg in the city jewellery market.

 

(Note: Gold and silver prices are without 3 per cent Goods and Services Tax (GST). Similarly, the 22 karat gold was quoted at Rs 78,400 per 10 grams, 18 karat gold at Rs 61,500 per 10 grams and 14 karat gold at Rs 51,300 per 10 grams. Accordingly, the purchase price of gold for 24 karat was at 77,900 per 10 grams, 22 karat at Rs 71,400 per 10 grams, 18 karat at Rs 59,500 per 10 grams and 14 karat at Rs 49,300 per 10 grams. Kishore Sheth, Director of Batukbhai and Sons Jewellers, said that the recent dip in prices of both gold and silver offers a good opportunity for consumers to buy