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Gold Falls ₹1,500 in Delhi as Silver Holds Steady
Gold became cheaper in Delhi for the second day in a row.
Its price fell by ₹1,500 for every 10 grams.
Silver did not change in price.
Experts said a strong US dollar made gold less attractive.
Comments from Federal Reserve officials also suggested that interest rates may stay high for a long time.
Lower oil prices could help gold by reducing worries about inflation.
Another analyst said higher oil prices and tensions in West Asia were hurting gold.
Investors are watching new US economic data and a planned meeting between Donald Trump and Xi Jinping for clues about markets.
Gold of 99.9% purity fell ₹1,500 to ₹1,54,900 per 10 grams in Delhi on September 22, 2026.
The decline marked gold’s second consecutive session of losses, according to local traders.
Silver prices remained unchanged at ₹2.42 lakh per kilogram.
Analysts linked gold’s weakness to hawkish Federal Reserve comments, a strong US dollar and mixed oil-price movements.
Global spot gold and silver prices fell nearly 1%, while traders awaited US economic data and a meeting between Donald Trump and Xi Jinping.
- Who
- Gold and silver traders in Delhi, with analysts Saumil Gandhi and Praveen Singh commenting on market conditions.
- What
- Gold prices fell ₹1,500 to ₹1,54,900 per 10 grams, while silver stayed at ₹2.42 lakh per kilogram.
- Where
- New Delhi and global precious-metals markets.
- When
- Tuesday, September 22, 2026.
- Why
- Gold was pressured by hawkish Federal Reserve remarks, a strong US dollar and changing oil-price and geopolitical conditions.
Key facts
- Gold price
- ₹1,54,900 per 10 grams
- Gold decline
- ₹1,500 from Monday’s close
- Gold purity
- 99.9%, inclusive of all taxes
- Silver price
- ₹2.42 lakh per kilogram
- Global spot gold
- USD 4,315.09 per ounce, nearly 1% lower
- Global spot silver
- USD 65.50 per ounce, nearly 1% lower
- Upcoming market focus
- US economic data and the Donald Trump–Xi Jinping meeting in New York
Quotes
Saumil Gandhi
Senior Analyst - Commodities at HDFC Securities
“Gold extended its decline on Tuesday as hawkish remarks from Federal Reserve officials and a strong US dollar exerted downward pressure on precious metals.”
freepressjournal.in
“Spot gold is struggling on stable US dollar and a rebound in oil prices as the situation in West Asia becomes volatile.”
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