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.