This week saw the fall in prices of both gold and silver; they became cheaper by over ₹1,000 and ₹3,000 per ounce.

As per information given by the IBJA, the cost of 24 carats gold decreased by ₹1,216 per 10 grams in this week and stands at ₹1,50,263 per 10 grams (from ₹1,51,479).

The cost of 22 carats gold became ₹1,37,641 per 10 grams (from ₹1,38,755). The cost of 18-carat gold became ₹1,12,697 per 10 grams (from ₹1,13,609).

The lowest price of gold this week was ₹1,47,973 per 10 grams on April 29th. The highest price was ₹1,51,186 per 10 grams on April 27th. Along with gold, the price of silver has also seen a decline.

The price of silver has dropped by ₹3,494 to ₹2,40,331 (Silver Price Today) per kg, down from ₹2,43,828 per kg. This week, the lowest price of silver was seen on April 29 at Rs 2,36,300 per kg. The highest price was seen on April 27 at Rs 2,43,720 per kg.

Due to global instability, the price of gold has come down to $4,585 per ounce and the price of silver has come down to around $74 per ounce. According to experts, the reason for the fall in gold and silver is the Fed's indication of rising inflation and its strict comments, which has reduced the possibility of interest rate cut this year.

Furthermore, they said that due to the continuous rise in crude oil prices, there is pressure on gold and silver prices.