After a sustained rally, gold and silver prices in the domestic market have taken a noticeable dip. The correction comes in response to global market developments, including a sharp fall in international bullion prices and shifting investor sentiment.

Gold, which had been steadily climbing in recent weeks, saw a sharp decline following a significant drop in the international price of gold per ounce. Factors such as a stronger US dollar, global economic uncertainty, and profit-booking by investors contributed to the fall.

Gold:
Earlier Price (April 1st): ₹94,000 per 10 grams

Current Price (as of last night): ₹91,000 per 10 grams

Total Drop: ₹3,000

One-day Drop: ₹2,400

Silver:
Earlier Price (2 days ago): ₹1,02,000 per kilogram

Current Price: ₹89,800 per kilogram

Total Drop: ₹12,200

One-day Drop: ₹8,000

Silver followed suit, mirroring the trend with a steep decline of its own. The fall in silver prices was also driven by a dip in global rates, adding to the downward pressure in the domestic bullion market.

These developments mark a temporary breather for the precious metals market, which has seen intense volatility in recent months.