Hyderabad, March 6 -- The gold price is falling continuously this year after a record high last year. The 22-carat gold price is down by over Rs.11,000 per ten gram this year.

As per the good returns website, the gold price touched a record high in August last year at Rs.54,750 per 10 grams. The current gold price recorded on Saturday in Delhi is Rs.43,590 per 10 grams. Thus, the total fall in the gold price during the last seven months is Rs.11,160 per 10 grams.

It is not only the gold, even the silver prices are falling in the market. The price fell from Rs.73,300 per kg on February 1 to Rs.65,700 per kg on March 6.The fall in silver price is due to a decrease in its demand for industrial use.

Banks and other financial institutions t...