Gold prices in India have significantly declined over the past week, with 24-carat gold priced at ₹1,56,600 in Mumbai and ₹1,56,650 in Bhopal. Similarly, 22-carat gold in Lucknow is at ₹1,43,700. Silver has also dropped, now at ₹2,85,000 per kilogram. This trend is influenced by global economic factors as the festive season approaches.