Gold prices in the National Capital today witnessed this year’s second biggest fall of Rs600 per ten grams to Rs27,300, which is expected to trigger brisk retail purchase ahead of the wedding season.
Similarly, gold prices in Mumbai fell by Rs270 to Rs26,760, by Rs415 to Rs27,525 in Kolkata and by Rs390 to Rs27,090 per ten grams in Chennai.
The fall in gold prices is the second biggest since April 15 when the yellow metal plunged by Rs1,160 to Rs26,640 per ten grams in New Delhi.
Earlier in the day, PM’s Economic Advisory Council Chairman C Rangarajan however said, “Gold prices are unlikely either to go up or go down substantially in the coming months.”