2 weeks ago
Delhi Gold Surges ₹2,000 as Global Bullion Prices Fall
Gold and silver became more expensive in Delhi on Tuesday.
Gold rose ₹2,000 for every 10 grams, while silver rose ₹730 for every kilogram.
However, gold and silver prices in international markets went down a little.
Their futures prices also fell because some traders reduced their bets.
Oil prices rose because people worried about supplies after a US-Iran ceasefire ended.
Investors are still buying gold through funds, which is helping support prices.
Expectations about US interest rates and central-bank buying are also affecting the market.
Experts say gold and silver could continue moving up and down in the short term.
Delhi gold of 99.9% purity rose ₹2,000 to ₹1,58,800 per 10 grams, extending gains for a second straight session.
Silver climbed ₹730 to ₹2,40,730 per kilogram after holding at ₹2,40,000 for two sessions.
Global spot gold fell 0.5% to $4,394.57 per ounce, while spot silver declined by slightly more than 1% to $65.08.
Gold and silver futures declined as demand weakened and traders reduced their positions, while crude oil futures rose to ₹8,132 per barrel.
Analysts cited buying, investment demand, central-bank purchases and softer Fed-rate expectations as support, but warned of near-term volatility.
- Who
- Retailers, stockists, traders and investors; analysts Praveen Singh of Mirae Asset Sharekhan and Kaynat Chainwala of Kotak Securities; and US President Donald Trump.
- What
- Domestic gold and silver prices rose in Delhi, while international spot prices and bullion futures declined.
- Where
- Delhi for retail bullion prices; international markets and New York for global spot and futures trading.
- When
- Tuesday, August 18, 2026.
- Why
- Domestic buying, investment demand, central-bank purchases and softer Federal Reserve rate expectations supported bullion, while firm US Treasury yields, profit-taking and weaker futures demand weighed on some prices. Crude oil also rose on West Asia supply concerns after the US-Iran ceasefire expired.
Forces Supporting Bullion
Forces Pressuring Bullion
Domestic prices versus international prices
Forces Supporting Bullion
Retailer and stockist buying pushed Delhi gold and silver prices higher for the day.
Forces Pressuring Bullion
Global spot gold and silver prices declined, showing weaker international cues despite domestic gains.
Investment outlook
Forces Supporting Bullion
Gold-backed exchange-traded fund holdings reached 97.39 million ounces, while central-bank buying, softer Fed-rate expectations and steady investment demand supported the broader bullion outlook.
Forces Pressuring Bullion
Firm US Treasury yields and profit-taking weighed on spot silver, while weaker demand and reduced bets pulled down futures prices.
Market direction
Forces Supporting Bullion
West Asia supply concerns and higher oil prices provided a market backdrop that helped gold remain near elevated levels.
Forces Pressuring Bullion
Analysts said gold and silver could experience continued two-way volatility until the Federal Open Market Committee minutes and Jackson Hole Symposium provide clearer signals on US monetary policy.
Key facts
- Delhi gold price
- ₹1,58,800 per 10 grams for 99.9% purity, inclusive of taxes
- Delhi gold change
- Up ₹2,000 from Monday’s ₹1,56,800 closing price
- Delhi silver price
- ₹2,40,730 per kilogram, inclusive of taxes
- Delhi silver change
- Up ₹730 after two sessions at ₹2,40,000 per kilogram
- Global spot prices
- Gold at $4,394.57 per ounce, down 0.5%; silver at $65.08, down slightly over 1%
- Gold futures
- October contracts fell 0.35% to ₹1,55,396 per 10 grams
- Silver futures
- December contracts fell 1.04% to ₹2,41,240 per kilogram
- Crude oil
- Crude futures rose 0.86% to ₹8,132 per barrel; Brent traded at $91.16 per barrel
Quotes
Kaynat Chainwala
AVP Commodity Research, Kotak Securities
“With the Fed's policy path yet to be clarified at Jackson Hole Symposium, gold and silver may see continued two-way volatility in the near term”
thehindubusinessline.com
“Gold was hovering around $4,392 per ounce as crude oil rebounded on supply concerns emanating from West Asia, he said.”
thehindubusinessline.com
thehansindia.com
U.S. President Donald Trump
U.S. President
“Washington had an edge over Tehran as the naval blockade continued, while Iran had asked its military to remain steady.”
thehansindia.com
Sources
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