Following days of volatility in the international market, the impact is now clearly visible in domestic rates. The strengthening of the US Dollar and a cooling demand for safe-haven assets globally have contributed to this sharp decline in precious metal prices.

As of today, Wednesday, the price for 22-carat gold stands at approximately ₹14,370 per bhari (11.66 grams). Similarly, 18-carat gold is being quoted at ₹11,800 per bhari. Silver has also followed the downward trend, with the current price for 1 kg of silver at ₹2,45,873. It is important to note that an additional 3% GST and applicable making charges will be added to these base prices at the time of purchase.

Financial experts suggest that this price correction offers an excellent window for those looking to make long-term investments in gold. However, they advise caution against making bulk investments at once; instead, a staggered investment approach is recommended to mitigate risks. Buyers are also urged to factor in GST and hallmarking charges while finalizing their purchases.