Gold rate today: Gold prices down by around Rs 5,000 per 10 grams, check city-wise rates on May 17

The decline in gold prices was seen for the second consecutive day on Saturday, with rates falling sharply in the Indian market. The yellow metal, which recently touched a record high of Rs 1 lakh per 10 grams, has now dropped to around Rs 95,000 -- a significant correction of Rs 5,000. A similar trend is visible in the international market, where gold that had peaked at $3,500 per ounce in April has now slipped to approximately $3,140 per ounce.

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