Gold Prices Drop: Good News for Buyers and Investors as Rates Fall Significantly

• Gold prices have fallen significantly, bringing relief to buyers and investors after continuous increases.
• The price of 22-carat gold per gram has decreased, though variations exist across cities due to local taxes and making charges.
• Reasons for the fall include a stronger US dollar, increased US Treasury bond yields, profit booking, and decreased demand post-wedding season.
• Experts suggest the price correction offers a good opportunity for long-term investment, recommending phased buying.
• While favorable for jewelry, alternatives like Gold ETFs and Sovereign Gold Bonds are preferred for investment due to lower risk.