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Gold Falls ₹1,500 in Delhi as Silver Holds Steady

Gold Falls ₹1,500 in Delhi as Silver Holds Steady
Gold Falls ₹1,500 To ₹1.54 Lakh Per 10 Grams In Delhi; Silver Stays Flat · freepressjournal.in

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.

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.”
freepressjournal.in

Sources

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