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

• Gold and silver prices have seen a significant decline from their record highs, with gold falling almost 7.7% from its peak and silver dropping nearly 14%.
• Geopolitical tensions and speculative investments initially drove prices up, but increased profit-taking has led to recent declines.
• Gold prices have fallen over $1,100 from their all-time high, and silver prices are down almost $50 from their peak.
• Despite the global fall, gold prices in India remain high due to taxes, import duties, and strong domestic demand.
• The United States, Australia, and Singapore are among the countries offering significantly cheaper gold prices compared to India, with Singapore having some of the lowest rates in Asia.