Gold down Rs 4,600 and silver Rs 12,400 in two days in Nagpur bullion market

Gold and silver prices fell sharply in Nagpur's bullion market for the second day running. Both precious metals got cheaper on Saturday. The steep cut brought some activity to the market and relief to buyers.

Gold first. On Saturday its price dropped by Rs 2,800 per 10 grams to Rs 1,38,800. On Friday it was Rs 1,41,600 per 10 grams. Gold has thus fallen by a total of Rs 4,600 in just two days.

Silver also weakened considerably. On Friday it was trading at Rs 1,87,200 per kg. On Saturday the price slipped by Rs 4,200 per kg to Rs 1,83,000.

Over the past two days, silver has fallen by a total of Rs 12,400 per kg. Prices of both metals have kept coming down for two consecutive days.

People who had long been waiting for prices to ease are expected to benefit from the continuing slide. The fall is seen as welcome news especially for buyers planning to purchase jewellery for the wedding season and the coming festivals.

All eyes are now on where prices go from here. After two straight days of decline, bullion traders and investors remain curious about the market's next move.

In short, in Nagpur's bullion market on Saturday, gold fell to Rs 1,38,800 per 10 grams and silver to Rs 1,83,000 per kg. Compared with Friday, gold is down Rs 2,800 and silver Rs 4,200. The total fall over two days is Rs 4,600 for gold and Rs 12,400 for silver.