The gold rates have slightly come down further by Rs 250. Usually, before the festival season the Gold rate goes up, but this year the rate has come down.
The rate per 10 grams has come down slightly. It was hovering around Rs 42000. Now the rate per 10 gram for the 22-carat ornamental gold is around Rs 40000. The 24-carat gold is around Rs 40,250 now.
There is a recession in all the sectors, but Gold business is going on. People are of the opinion that it is wise to save money or park the extra money in the form of Gold. The FD interest rates also have come down.
The Gold exchange business is going on and new gold purchase has come down to some extent. The only way the money is expected to appreciate is in the form of Gold and land. The rate differs from 18 to 24 carat gold. The 22 carat ornamental gold hovers around Rs 40000/-.
The silver rates have not changed and there is a chance that they may come down.
