Today Gold Silver Rate: Big drop in the prices of gold and silver

In the last four days, there has been a significant decline in the prices of gold and silver. The reason behind these falling prices is the announcement of reduction in custom duty. In the budget presented on July 23, Finance Minister Nirmala Sitharaman had announced reduction in custom duty on gold and silver. She had announced to reduce it from 15 percent to 6 percent. Since then, there has been a huge decline in the prices of gold and silver.

Gold falls by about Rs 5000

In the last four days, the price of gold has fallen by about Rs 5000 per 10 grams. On July 23, gold prices fell by 5.79 percent i.e. Rs 4,208 per 10 grams. After this, on July 24, there has been a recovery of 0.65 percent i.e. Rs 442 in the price of gold. The next day on July 25, the price of gold fell by 2.16 percent i.e. Rs 1490 per 10 grams. Today, on 26 July, gold prices have recovered by 0.37% or Rs 248. Thus, in the last 4 days, the price of gold has fallen by 7.37% or Rs 4,960 per 10 grams.

Silver also saw a big fall in 4 days

Along with this, silver has also seen a big fall in 4 days. On 23 July, silver prices had fallen by 4.80% or Rs 4284. Today, on 26 July, silver prices have seen a slight rise of 0.005% or Rs 39. Thus, in the last 4 days, silver prices have fallen by 8.98% or Rs 7833.

Today’s price of gold and silver