Ahmedabad: The price of gold has dropped immediately after touching the top of Rs 50,400 per 10g in Ahmedabad Market.
Yellow metal prices reached Rs 49,400 per 10g on Tuesday, down by Rs 1,000 for five days.
Analysts said the price of fluctuating gold in the international market after a recent statement from the Federal Reserve and higher interest rates expectations, because of the international gold price rallied and then fell quickly.
Gold fell by Rs 600 in a day against Monday RS 50,000 in the local market.
The price of gold declined in AHM from Puncak Friday
