New Delhi:- On October 22, gold and silver prices declined for the third consecutive trading day. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold fell by ₹953 to ₹1.43 lakh. The price of one kilogram of silver dropped by ₹8,002 to ₹2.01 lakh.
Over the past three days, gold has become cheaper by ₹3,200 and silver by ₹10,000. Commodity market expert Ajay Kedia attributed the decline mainly to the strengthening of the rupee against the US dollar and a rise in crude oil prices.
Earlier, in September, gold had fallen by ₹8,000 and silver by ₹15,000. On August 31, gold was priced at ₹1.56 lakh per 10 grams, which dropped to ₹1.48 lakh by September 30. Similarly, the price of one kilogram of silver declined from ₹2.37 lakh to ₹2.22 lakh.
