According to traders, the price of a 22-carat gold sovereign is now listed at Rs. 298,000, marking a significant decrease of Rs. 81,200 from Rs. 379,200 recorded on Friday, October 17.
Similarly, the price of a 24-carat gold sovereign, which stood at Rs. 410,000 last Friday, has now fallen to Rs. 322,000.
Industry sources attribute the sharp decline to fluctuations in global gold prices and changes in local market demand.
