Desk. There is a continuous decline in the prices of gold and silver. On Saturday, December 14, once again a decline in the prices of gold and silver was recorded in the bullion market. Due to heavy selling by jewelers and stockists, the price of gold fell by Rs 1,400 to below Rs 80,000.
While silver prices fell by Rs 4,200. Silver metal has now come to Rs 92,800 per kg. According to traders, there was heavy pressure on prices in the bullion market due to weak trend in international markets. It is believed to be the biggest decline so far in the month of December.
According to All India Bullion Association, selling by jewelers and stockists led to the fall in prices. Apart from this, weak trend in global markets also put pressure on bullion prices. The price of gold of 99.9 percent purity fell by Rs 1,400 and closed at Rs 79,500 per 10 grams. On the last trading day it was at Rs 80,900 per 10 grams.
Silver prices fell by Rs 4,200 and came to Rs 92,800 per kg. On Thursday, silver had closed at Rs 97,000 per kg. This is the biggest fall in silver so far in the month of December. The price of gold of 99.5 percent purity also declined by Rs 1,400 to Rs 79,100 per 10 grams. Whereas, last day its price was Rs 80,500 per 10 grams.
