Gold prices have fallen sharply since the budget annoncement. So far, the sovereign has lost Rs 1,320. Yesterday alone, the sovereign fell by Rs 320. The price of a sovereign gold has reached 35,480.
Gold prices fell for the fifth day in a row. Gold prices continue to fall in line with the budget. The price of a gram of gold has also come down. The price of a gram of gold fell by Rs 40 to Rs 4435.
In the budget, the customs duty on gold was reduced from 12.5% to 7.50%. Following this, the price of gold has come down.