Archive · 22 Aug 2025
Gold Dips, Rupee Weakens Ahead of Powell's Speech
On Friday, the prices of gold dropped slightly in Delhi while silver prices rose.
The Indian rupee also became weaker compared to the US dollar.
Investors were closely watching the upcoming speech by the head of the Federal Reserve.
The local stock market also showed a decline, which influenced how the rupee performed.
Gold prices fell by ₹250 to ₹1,00,370 per 10 grams in Delhi on Friday.
Silver prices increased by ₹1,000 per kilogram in Delhi markets.
The rupee weakened by 27 paise to close at 87.52 against the US dollar.
These market movements occurred amid anticipation of a speech by the US Federal Reserve Chair.
The domestic equity market also declined, impacting the rupee's performance.
- Who
- Investors and currency traders.
- What
- Gold prices decreased, silver prices increased, and the rupee weakened against the dollar.
- When
- On Friday, August 22.
- Where
- Delhi markets and the Indian currency market.
- Why
- Due to a weak global trend, anticipation of the Federal Reserve Chair's speech, and the decline of the domestic equity market.
Market Sentiment
Monetary Policy
Future Rate Cuts
Market Sentiment
Market is currently in a state of cautious anticipation due to the upcoming speech.
Monetary Policy
Expectations of future interest rate cuts are present due to mixed signals on the US economy.
- Gold Price (Delhi)
- ₹1,00,370 per 10 grams
- Silver Price (Delhi)
- ₹1,15,000 per kg
- Rupee Closing
- 87.52 against USD
- Dollar Index
- 98.72
- Sensex
- 81,306.85
- Nifty
- 24,870.10
