After touching record highs in October, gold prices have continued to fall following the Diwali festival. The sharp increase seen last month has now eased, offering some relief to consumers and jewellery buyers.On Monday (November 4), the price of 22-carat gold dropped by Rs. 100 per gram, bringing the rate to Rs. 11,250 per gram. The price of a sovereign also fell by Rs. 800, selling at Rs. 90,000.
Market experts say the continuous decline in gold and silver prices is part of a correction phase after last month’s record-breaking surge. The trend is expected to influence consumer buying patterns in the coming days, especially with the wedding season around the corner.