Fall in gold prices

gold-jewellery shopGold prices declined for the last two days and currently the 22 carat ornamental gold has settled down at Rs 23,500 while 24 carat gold per 10 grams is Rs 25,050 with a fall of Rs 320 yesterday. The gold decline has been attributed to fall in the international market demand, crude oil prices and a stronger rupee value, said analysts. During the last five years it is said to have reached a lowest rate. Sequel to this downward trend buyers were rushing for owning a piece of gold for future investment. Silver also lost its glitter falling by Rs 380 and a kg is Rs 33,950, which is said to be the lowest after September 2010.

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