Gold Prices Plummet by Rs 820 on Sankranti, Silver Soars by Rs 3,000

• Gold prices saw a significant drop on January 15, coinciding with the Sankranti festival, offering good news for buyers.
• 24-carat gold decreased by Rs 820 per 10 grams, bringing the price down to Rs 1,43,180.
• 22-carat gold (ornamental gold) also fell by Rs 750 per 10 grams, now priced at Rs 1,31,250.
• In contrast, silver prices surged by Rs 3,000 per kilogram, reaching Rs 3,10,000, with predictions of reaching Rs 4 lakhs.
• Buyers are advised to check hallmarking, obtain bills for large purchases, and consider festival discounts on making charges.

Why It Matters: Gold prices dropped significantly on Sankranti, offering a festive buying opportunity, while silver rates surged.