The gold prices in India suffered a biggest-ever single day fall of Rs 1,250 to slump to one-year low of Rs 28,350 per 10gm. This is the price of 24-carat gold. The prices of 22-carat gold will be much lower in the Indian market.
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In the past week, the gold prices have declined by Rs 1,680 per 10 gram, thanks to heavy selling by stockists following a steep fall in global and domestic futures markets.
