The prices of gold dropped in Raipur sarafa market by Rs 1,700 per ten gram in the last ten days due to weak international market and due to permission granted to some banks for bullion import, Tilokchand Baradia, Directo of AT Jewellers, said on Tuesday.
The prices of silver have also gone down by three thousand rupees. While 24-carat gold was selling at Rs 29,400 per ten gram, the silver was selling at Rs 43,500 per kilogram. “The prices may see some minor changes in the coming days,’’ he said. Baradia said the prices of gold in the international market have come down and its impact has been felt in local market.
“Gold prices dropped by two-three hundred rupees today in comparison with the prices yesterday,’’ he said. He also said the buying of gold has also come down to some extent due to the election. Rs Rs In the next few days, there may be further fall in the prices of gold,’’ he added.
Son and Son’s Deepak Kotria said in the last ten days, the prices of gold and silver went down by Rs 1700 and Rs 3000, respectively. Gold was selling today (Tuesday) Rs 29,600 per ten grams while the silver was selling at Rs 43,400 per kilogram.
Saraf trader’s Deepchand said the restriction on import since last nine months had an impact on the market. However, currently permission has been granted to four-five banks to import the bullion and its impacts are seen in the market. Another noted jeweller, Harakh Malu, said he does not see any significant change in the price of gold in the next few days.