Archive · 29 Jul 2026
Gold and silver prices drop sharply in India
Gold and silver prices in India dropped sharply on Tuesday.
Gold prices fell by Rs 2,640 to Rs 1,47,000 per 10 grams, and silver prices dropped by Rs 5,200 to Rs 2,24,800 per kg.
This happened because the rupee became stronger, making imported bullion cheaper.
Also, investors were cautious because they were waiting for a decision from the US Federal Reserve.
Traders said that these factors led to a sell-off in the bullion market.
Gold prices dropped by Rs 2,640 to Rs 1,47,000 per 10 grams.
Silver prices fell by Rs 5,200 to Rs 2,24,800 per kg.
The stronger rupee reduced the landed cost of imported bullion.
Weak global trends and caution ahead of the US Federal Reserve's policy decision subdued investor sentiment.
The All India Sarafa Association reported the price changes.
- Who
- Investors and traders in the bullion market
- What
- Sharp sell-off in gold and silver prices
- When
- Tuesday
- Where
- New Delhi, India
- Why
- Weak global trends, firm rupee, and caution ahead of the US Federal Reserve's policy decision
Investors' Caution
Market Dynamics
Impact of US Federal Reserve's Policy Decision
Investors' Caution
Investors are cautious ahead of the US Federal Reserve's policy decision, leading to a subdued sentiment and a drop in gold prices.
Market Dynamics
The stronger rupee reduced the landed cost of imported bullion, contributing to the price drop.
- Gold Price Drop
- Rs 2,640 to Rs 1,47,000 per 10 grams
- Silver Price Drop
- Rs 5,200 to Rs 2,24,800 per kg
- Previous Gold Price
- Rs 1,49,640 per 10 grams
- Previous Silver Price
- Rs 2,30,000 per kg
- Reason for Drop
- Weak global trends, firm rupee, and caution ahead of US Federal Reserve's policy decision