A decline in the prices of gold and silver is also seen during the wedding season. On November 18, the prices of gold and silver fell for the fourth consecutive day, which affected the domestic and international markets. On MCX, gold became cheaper by Rs 1000 and silver by Rs 1500 per kg. Apart from this, a decline has also been recorded on IBJA. Weakness in the global market and decrease in domestic demand are considered to be the main reasons behind this decline. However, this fall in prices during the wedding season is surprising, as the demand for gold and silver usually increases during this time.
