Gold price declines ₹500, silver slumps ₹1: Check latest prices

Gold prices in India fell by €50 with a gram 22k gold price €5,480 compared to €5,530 on Monday, according to figures from Goodreturns. The prices of 8 grams and 10 grams of 22 carat gold have also fallen €400 and €500, costs now at €43,840 and €54,800 or

The price of 24k gold also collapsed on Tuesday. A gram of 24 carat gold costs €5,978 while eight grams and 10 grams are priced €47,824 and €59,780 or The price of 100 grams of 24k gold is €5.97.800.

The prices of one gram, eight grams, 10 grams and 100 grams of 24-karat gold have fallen €54, €432, €540 and €5,400 each as of Monday according to Goodreturns.

Meanwhile, silver prices were also down slightly on Tuesday. A gram of silver costs €72 compared to €72.10 on Monday. The price for eight grams of silver is similar €576, with a decrease of €0.80. The price of 10 grams of silver is included €720, while a kg of silver costs €72,000, with a drop of €100 from yesterday’s price, Goodreturns said.

Here are Tuesday’s gold and silver prices from India’s top cities:

Gold prices in India are sourced from some of the reputable jewelers and are dependent on the markets. Prices are driven by a number of factors including volatile policies, slowing economic growth and the strength of the rupee against the US dollar.