Gold and Silver Prices Drop Sharply in India This September

malayalam.oneindia.com (Malayalam) —

Gold and silver prices have fallen sharply in India, with gold dropping by at least 9,000 rupees and silver by 15,000 rupees in September alone, according to the India Bullion and Jewellers Association. On Tuesday, 24-carat gold fell by 580 rupees to 1.47 lakh rupees per 10 grams, while silver dropped by 1,373 rupees to 2.22 lakh rupees per kilogram. Over the past two days, gold has declined by 5,000 rupees and silver by 11,000 rupees. Experts attribute the decline to the US Federal Reserve's first interest rate hike in three years, though geopolitical tensions may support prices. They advise investors to remain cautious and recommend buying only BIS-hallmarked certified gold and testing silver with magnets or cloth.


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