4 hrs ago
Gold Falls ₹600 in Delhi as Domestic Demand Weakens
Gold became cheaper in New Delhi by ₹600 for every 10 grams.
The price fell to ₹1.55 lakh.
Traders said fewer people were buying gold in India, which pushed prices down.
Gold prices had also been affected by weakness in international markets.
The US Federal Reserve raised its interest rate by 25 basis points.
Higher interest rates can make gold less attractive to investors.
Later, gold prices in global markets recovered as government bond yields, oil prices and the dollar became slightly weaker.
Silver did not change in price in New Delhi.
Experts said the global recovery was mainly linked to lower Treasury yields rather than a special gold-related reason.
Gold prices in New Delhi fell ₹600 to ₹1.55 lakh per 10 grams on Thursday, September 17, 2026.
The 99.9%-purity gold rate had closed at ₹1,55,600 per 10 grams on Wednesday.
Silver prices remained unchanged at ₹2.42 lakh per kilogram, including taxes.
Traders attributed gold’s decline mainly to weak domestic demand and overnight international-market weakness.
Spot gold later recovered 1.24% to USD 4,317.11 per ounce as Treasury yields, crude prices and the dollar index eased slightly.
- Who
- Gold traders and commodities analysts, including Saumil Gandhi, Praveen Singh and Vedika Narvekar, commented on the market.
- What
- Gold prices fell ₹600 to ₹1.55 lakh per 10 grams, while silver remained at ₹2.42 lakh per kilogram.
- Where
- New Delhi and international bullion markets.
- When
- Thursday, September 17, 2026; the previous gold closing price was recorded on Wednesday.
- Why
- Weak domestic demand and the impact of the US Federal Reserve’s hawkish interest-rate message weighed on gold prices.
Key facts
- Gold price
- ₹1.55 lakh per 10 grams for 99.9%-purity gold
- Daily change
- Down ₹600 from Wednesday’s ₹1,55,600
- Silver price
- ₹2.42 lakh per kilogram, including taxes
- International spot gold
- Up USD 52.85, or 1.24%, to USD 4,317.11 per ounce
- International silver
- Up nearly 2% to USD 64.06 per ounce
- Federal Reserve rate move
- Benchmark interest rate raised by 25 basis points to 3.75%-4%
- Main domestic factor
- Subdued demand in the Indian market
Quotes
Vedika Narvekar
Research Analyst of Commodities & Currencies at Anand Rathi Share and Stock Brokers Ltd
“Spot gold is staging a recovery and traded over 1 per cent higher around USD 4,310 an ounce in global markets as crude oil, treasury yields, and dollar index have pulled back slightly.”
freepressjournal.in
“That pullback in yields is what's giving gold some breathing room on Thursday. The Fed did deliver its first hike since 2023, a quarter point, but that was already priced in.”
freepressjournal.in
Sources
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