New Delhi: According to the India Bullion and Jewellers Association (IBJA), gold and silver prices witnessed a significant decline on March 4. The price of 24-carat gold fell sharply by ₹6,149, bringing it down to ₹1.61 lakh per 10 grams. This follows Monday’s price of ₹1.67 lakh, marking a major correction in the precious metals market for investors.