On May 21, gold and silver prices witnessed a significant drop in the bullion market. Gold fell by over ₹500, while silver prices decreased by approximately ₹2,300 per kg. In major cities like Delhi and Mumbai, 24-carat gold is retailing at ₹1,53,460 per 10 grams. Experts attribute this decline to international market fluctuations and profit-booking by investors, providing relief to buyers during the wedding season.
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