Gold Prices Drop Globally: Where to Find the Cheapest Gold?

• Gold and silver prices experienced volatility in the international market, with gold falling 7.7% from recent highs to $4,500 per ounce.
• Profit booking and selling pressure led to a significant drop in precious metal prices after reaching record highs due to uncertainty and geopolitical tensions.
• Gold prices are down over $1,100 from their all-time high, and silver prices have fallen nearly $50, now trading at $72 per ounce (14% decline).
• India faces high gold prices due to taxes, import duties, and strong domestic demand, while countries like the US, Australia, and Singapore offer cheaper rates.
• The US offers 24-carat gold at approximately ₹15,905 per gram, Australia at ₹15,000 per gram, and Singapore at ₹14,300 per gram, significantly lower than India.

Why It Matters: Global gold prices have fallen, with the US, Australia, and Singapore offering significantly cheaper gold than India.