Gold prices went down by Rs 550 to Rs 57,160; silver drops to Rs 70,800

Gold prices drop by Rs 550 during Friday's early trade with ten grams of 24 carat gold tradinng at Rs 57,160, accrding to the GoodReturns website. Silver prices also went down by Rs 550, with 1 kg of the precious metal selling at Rs 70,800.

The price of ten grams of 22 carat gold also went down by Rs 500 to sell at Rs 52,400.

The price of ten grams of 22 carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 52,400.

The price of ten gams of