Gold, Silver Prices Fall Again in Jalgaon Market
Gold and silver prices extended their losing streak for the third straight day, offering relief to buyers as global market pressures continue to weigh on precious metals.
Gold, Silver Prices Fall Again in Jalgaon Market
Gold and silver prices continued to decline in Jalgaon’s bullion market on Wednesday, marking the third consecutive day of losses and bringing welcome relief to jewellery buyers and investors.
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The latest correction comes as precious metals remain under pressure in both domestic and international markets. A stronger US dollar, uncertainty surrounding the US Federal Reserve’s interest rate policy, and global economic concerns have collectively pushed gold and silver prices lower.
On the international COMEX market, gold slipped by nearly 0.38%, falling $16 per ounce to $4,141 per ounce, while silver declined 0.42% to $61.07 per ounce. Analysts believe investors are shifting towards the stronger US dollar instead of traditional safe-haven assets like gold, keeping bullion prices under pressure.
In Jalgaon, 24-carat gold (including GST) continued its downward trend. After falling to ₹1,49,762 per 10 grams on Monday and ₹1,48,835 on Tuesday, the price dropped another ₹103 on Wednesday to ₹1,48,732 per 10 grams.
Silver also witnessed a sharp correction. Prices fell from ₹2,43,080 per kg on Monday to ₹2,38,960 on Tuesday, before dropping another ₹3,090 on Wednesday to ₹2,35,870 per kg (including GST).
Despite the short-term decline, market experts maintain that gold remains a strong long-term investment option. They recommend investing gradually rather than making lump-sum purchases. The recent correction has also created an attractive buying opportunity for silver, particularly for investors and industrial buyers.
Experts say the next movement in gold and silver prices will largely depend on upcoming US Federal Reserve interest rate decisions, the US Dollar Index, inflation trends, and other global economic developments. With the festive season approaching, buyers are advised to monitor market trends carefully before making investment or jewellery purchase decisions.
