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The Tribune

Delhi gold drops Rs 700 to Rs 1.46 lakh per 10 grams; silver slides Rs 8,900 to Rs 2.26 lakh per kg

AI Market Summary
Delhi bullion prices fell sharply (gold -Rs 700/10g; silver -Rs 8,900/kg) as weak jeweller and industrial demand outweighed modest gains in international spot markets. The divergence highlights domestic demand softness and near-term caution in physical precious metals despite overseas support. Elevated crude and inflation concerns are also reinforcing expectations of a hawkish Fed stance, limiting upside for global bullion.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT+0.19%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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Gold in Delhi fell Rs 700 to Rs 1.46 lakh per 10 grams (inclusive of all taxes), while silver slumped Rs 8,900 to Rs 2.26 lakh per kg (inclusive of all taxes). Spot prices overseas were firmer, with gold edging up to USD 4,020.13 per ounce and silver rising nearly 1 per cent to USD 58.06 per ounce. The domestic market remained under pressure as buying from jewellers and industrial users stayed weak.
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