Gold, Silver Prices Plummet: Varanasi Bullion Traders Worried Despite Sharp Decline
Varanasi
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News18•31-01-2026, 17:26
Gold, Silver Prices Plummet: Varanasi Bullion Traders Worried Despite Sharp Decline
- •Gold prices have dropped by approximately 30,000 rupees for 24-carat gold, and silver by over 1 lakh rupees, ahead of the general budget.
- •Despite the significant fall, Varanasi's bullion traders are concerned, with the market experiencing a period of silence.
- •Sumit Verma of Varanasi Bullion Association notes that only those with immediate events like weddings are buying, while others await stability.
- •Vijay Tiwari, a major bullion trader, highlights that both customers and shopkeepers are uncertain about future price movements.
- •Traders believe that while a slight further decline is possible, prices are unlikely to return to their old levels and may even rise again.
Why It Matters: Varanasi bullion traders are worried despite falling gold and silver prices, anticipating further market instability.
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