Gold Falls ₹1,600 as Dollar and Oil Surge

Gold became cheaper in New Delhi by ₹1,600, reaching ₹1,52,400 for 10 grams.

This was the fourth day in a row that gold prices fell.

Silver fell even more, by ₹5,000 per kilogram.

A stronger US dollar and higher US interest-rate expectations made precious metals less attractive.

Higher Treasury yields also put pressure on gold and silver.

Oil prices rose because of worries about supplies from West Asia.

The weaker rupee helped limit how much domestic gold prices fell.

Traders were also watching tensions near the Strait of Hormuz and important meetings involving the United States and China.