Huge Drop In Gold Price Nov-11: 24K/100 Grams of Gold Rates Plunges Rs 6,000; Silver Price Drops Too

The price of 24k of 10 grammes of gold in India dropped 600 rupees to Rs 78,760 on Monday from Rs 79,360 the day before, while the price of 24k of 100 grammes of gold fell 6000 rupees in a single day to Rs 7,87,600 today from Rs 7,93,600 the day before,18 karat of 10 grams of gold in India reached Rs 59,070 today which was Rs 59,520 previously representing a price drop of Rs 450 on Monday. 18 karat of 100 grams of gold price in India reached Rs 5,90,700 on November 11 compared to a previous price of Rs 5,95,200 representing a price drop of Rs 4,500.Spot gold went down 0.5% to $2,669.22 per ounce as of 0306 GMT on Monday, marking the second consecutive day in which gold prices dipped. As investors braced themselves for U.S. economic data and comments from Federal Reserve officials this week, U.S. gold futures dropped 0.7% to $2,675.90, according to Reuters. Palladium jumped 0.5% to $993.74, platinum up 0.3% to $971.11, while spot silver dropped 0.4% to $31.17