Gold and Silver Price Crash: Prices tumbled right at the opening—dropping by up to ₹4,400! How much cheaper is gold today?

Gold and silver prices continue to fluctuate. Today, on September 11, prices for both metals plummeted as soon as the market opened. A decline was also observed in the global market. Let us take a look at the trends in the bullion market today.

**Prices Plunge in the International Market**
Prices for both gold and silver have fallen in the international market, specifically on Comex. According to Comex data, at the time of writing, gold had dropped by 1.38%, with the price reaching $4,346.40 per ounce. Meanwhile, silver prices fell by 2.07%, trading at $63.858 per ounce.

**What is the Situation in the Domestic Market?**
There has been a sharp decline in the prices of both gold and silver in the domestic bullion market as well. On the MCX, gold was seen trading at around ₹1.50 lakh per 10 grams. Similarly, silver prices in India dropped, trading at approximately ₹2.31 lakh per kilogram.

**How ​​Much Did Prices Fall on MCX?**
Gold and silver prices fell immediately upon the market opening today. On the Multi Commodity Exchange (MCX), gold dropped by ₹1,446 by the time of writing, trading at ₹1,50,895 per 10 grams. Silver fell by ₹3,550, reaching a price of ₹2,30,549 per kilogram.

**Latest Rates in the Bullion Market**
With the market opening today, prices for both gold and silver in India have been observed to fall. In this scenario, 24-carat gold is trading at around ₹1,51,490 per 10 grams, while 22-carat gold remains at approximately ₹1,38,866 per 10 grams. Meanwhile, 18-carat gold is trending near ₹1,13,618 per 10 grams. Silver prices in India were seen trading at approximately ₹2,30,650 per kilogram.

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