Yellow Metal Falls Rs 800, Silver Down Rs 2000

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Posted by AI on 2025-08-12 07:29:06 | Last Updated by AI on 2025-08-12 10:06:41

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Indian brides-to-be aren't too happy, as the country's gold and silver rates dropped by over Rs 2000 on August 12. Mumbai saw 24-carat gold being sold at Rs 1,01,400 per 10 grams, and silver was priced at Rs 1,15,000 per kg.

The prices of gold and silver, like any other commodity, are dictated by the laws of demand and supply. With the prices of these precious metals falling in Mumbai, traders and investors are certainly not having a field day, even though consumers might be cheering on the side lines.

A lot of people in India invest in these metals to prepare for wedding season, when demand skyrockets alongside the prices. Many Indians invest in gold and silver to secure their purchases as a hedge against inflation, and also to flaunt their wealth during weddings and other festivities. With the prices of these precious metals falling, investors are currently at a loss, but consumers are enjoying spending more for less.

If you were thinking of buying any of these precious metals, now might be the right time to do so. However, experts suggest that one should invest in gold and silver closer to the wedding season for a profitable deal.

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