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Gold Prices Tumble Across India Today
17 Feb
Summary
- Gold prices decreased in all major Indian cities on February 17.
- The rate for 8 grams of 24-carat gold also dropped nationwide.
- Significant price reductions were observed for both 22 and 24-carat gold.
Gold prices in India experienced a broad decrease across all key cities on February 17. The cost for 8 grams of 24-carat gold also fell in every surveyed city, marking a downward trend in the precious metal's value.
Consumers looking to purchase gold saw reductions in rates for both 22-carat and 24-carat varieties. Major urban centers including Mumbai, Chennai, Hyderabad, Delhi, Ahmedabad, Bengaluru, and Kolkata all reported lower gold prices compared to the previous day's trading.
This nationwide dip in gold prices signifies a notable shift in the market. Both 1-gram and 8-gram quantities of 22-carat and 24-carat gold were affected by these downward adjustments, impacting various consumer segments.
