NEW DELHI: Decline in prices of gold and silver is good news for customers in the upcoming festive and marriage season, and analysts say that there is a possibility of further declines.
"In the short-term, there may be a further decline given the volatility," added D K Aggarwal, chairman and managing director of SMC Comtrade, a commodities brokerage. But no one is suggesting buying silver although there are several analysts pushing the yellow metal, a favourite of Indian housewives.
UAE Gold rate is not the same as gold rate Chennai today as the price differs from country to country and place to place. Check here the current gold rates in your city for further updates.
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