Bhubaneswar, July 7 -- Gold prices continued their downward trend for the fourth consecutive day, offering relief to consumers on Tuesday after weeks of elevated rates. The latest decline has significantly reduced the cost of both 22-carat and 24-carat gold, making the precious metal more affordable for buyers.

According to the recent market rates, the price of 22-carat gold dropped by more than Rs 1,200, while 24-carat gold fell by over Rs 1,300 in a single day. Following the price fall, 22-carat gold is now being sold at around Rs 1.33 lakh.

The sustained decline comes after gold prices had surged to record levels in recent months, with market speculation suggesting they could even touch Rs 2 lakh.

The recent prices have brought opti...