Gold prices in India, which fell sharply to 6-month lows, following a global rout of the precious metal, continued their decline in trade.
The reason for the fall in the precious metal is the fact that interest rates in the US could rise later when the US Fed meets in mid-December. Bond yields in the US are already rising and this has had a cascading effect on gold prices.
Silver too fell in the global markets, dipping below the Rs 41,000 mark. Check gold rates in Indian cities here