Gold prices in the state fell sharply on Thursday, continuing a phase of intense volatility in the bullion market. The price of gold declined by ₹3,680 per sovereign, bringing the rate down to ₹1,13,240. Despite the significant fall, gold prices remain firmly above the ₹1 lakh mark.
On a per-gram basis, gold dropped by ₹460, with one gram now priced at ₹14,155. The recent trend highlights sharp intraday swings, as prices had surged by nearly ₹5,000 per sovereign earlier before easing later in the day. Gold had touched an all-time high of ₹1,31,160 per sovereign on January 29, after crossing the ₹1 lakh milestone for the first time on December 23. Analysts say global market fluctuations and economic uncertainty continue to strongly influence local gold prices.
Silver Rates Also Decline
Silver prices in the state mirrored the downward trend, falling sharply by ₹20,000 per kilogram to settle at ₹3,00,000 per kg. On a gram basis, silver slipped by ₹20, with one gram now priced at ₹300.
