Gold Price Drop Today 10th Day Continuous Decline in India
Gold Price Drop Today – Continuous Decline for 10 Days
Gold prices in India have continued to show a downward trend for the tenth day in a row. After touching an all-time high of ₹75,760 per sovereign on August 8, the yellow metal has been falling steadily. On August 19, the gold market once again recorded a decline, bringing some relief to jewelry buyers while investors watch the fluctuations closely.
Gold Price in India – August 19 Update
The price of 22-karat gold today stands at ₹9,235 per gram and ₹73,880 per sovereign, reflecting a decline of ₹40 per gram and ₹320 per sovereign compared to yesterday. Similarly, 18-karat gold is now priced at ₹7,635 per gram and ₹61,080 per sovereign, down by ₹35 per gram and ₹280 per sovereign. This marks the 10th consecutive day of decline in domestic gold prices.
Silver Price Status – August 19
Along with gold, silver prices have also dropped. On August 19, silver recorded a fall of ₹1 per gram, trading at ₹126 per gram. In bulk, the metal is selling at ₹1,26,000 per kilogram. The decline reflects the wider trend in the precious metals market over recent days.
Price Movement Since Early August
The fluctuations in gold prices began at the start of August. On August 6, gold crossed ₹75,000 per sovereign, and by August 8, it reached its highest point at ₹75,760. However, since then, the market has seen a steady decline with daily corrections. From August 9 onwards, every trading day has registered a drop, making August 19 the tenth straight day of downward movement.
Market Outlook
The continuous decline in gold prices has brought renewed interest among jewelry buyers, especially with the upcoming festive season. Market experts suggest that international economic conditions, currency movements, and investor sentiment are influencing the current trend. While consumers are benefiting from lower rates, the market is closely monitoring global factors that may decide the direction of gold and silver prices in the coming weeks.
