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The fall in prices comes despite the ongoing wedding season, typically a period of heightened demand for precious metals

As of Saturday, the price for 22-carat gold per ten grams stood at Rs 63,250, while 24-carat gold was priced at Rs 72,280.

After a continuous upward trend that lasted for 10 days, with gold prices surpassing Rs 72,500 per 10 grams for 24-carat purity, the prices saw a notable drop of Rs 1,150.

Price of 10 grams of 22 carat gold has dropped from Rs. 57,410 on October 28 to Rs, 56,250 on Tuesday.