Gold and Silver Prices Fall Sharply in India
Listen to the story
Gold and silver prices went down today in India. This is a big fall in rates.
Gold fell by ₹708. Now gold costs ₹1.52 lakh. In India, people often say 'lakh' for 100,000.
Silver also fell. It went down by ₹370. Now silver costs ₹2.33 lakh.
The prices went down because of profit booking. This means people sold their gold to get money. When many people sell, the price goes down.
Some news reports say gold fell by ₹800. Prices can be a little different in each city.
People should check gold and silver prices in their own city. Prices are not the same everywhere in India.
Many people in India buy gold. They buy it for weddings and for saving money. So, gold prices are important news.
Vocabulary4 words
- fall
- when a price goes down
- rates
- the price of something
- lakh
- a number word in India; it means 100,000
- profit booking
- when people sell something to get money quickly
Quiz
Answer key
1. They went down 2. ₹708 3. Because of profit booking
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Gold and silver prices went down today in India. This is a big _____ in rates.
Gold fell by _____. Now gold costs ₹1.52 lakh.
Silver also fell. It went down by _____. Now silver costs ₹2.33 lakh.
The prices went down because of _____. This means people sold their gold to get money.
Some news reports say gold fell by _____.
Prices can be a little _____ in each city.
People should check gold and silver prices in their own _____.
Many people in India buy gold for weddings and for _____ money.