Archive · 23 Sep 2026
Gold Falls ₹900 as Strong Dollar Weighs on Bullion
Gold became cheaper in Delhi on Wednesday.
Its price dropped by ₹900 for every 10 grams.
Silver prices in India did not change.
A stronger United States dollar made gold less attractive to some investors.
Some traders also sold gold to lock in profits after its earlier rise.
Expectations of higher interest rates added more pressure to gold prices.
Gold is still much more expensive than it was a year ago.
Because of this, some Indian buyers are choosing lighter jewellery.
Others are buying coins, digital gold, or exchange-traded funds instead.
Gold prices in Delhi fell ₹900 to ₹1.54 lakh per 10 grams on Wednesday, extending their decline to three sessions.
Silver remained unchanged at ₹2.42 lakh per kilogram, inclusive of taxes, according to local traders.
The stronger United States dollar, profit-taking, and expectations of tighter monetary policy pressured bullion prices.
Spot gold declined 1% to $4,317.09 per ounce, while global silver prices fell nearly 3% to $65.17 per ounce.
High domestic prices are prompting consumers to buy lighter jewellery and shift investments toward coins, digital gold, and ETFs.
- Who
- Gold and silver traders, investors, and Indian consumers were affected; analysts Jateen Trivedi, Akshat Garg, and Kaynat Chainwala commented on the market.
- What
- Gold prices fell ₹900 to ₹1.54 lakh per 10 grams in Delhi, while silver held at ₹2.42 lakh per kilogram.
- When
- Wednesday, September 23, 2026; gold had declined for three consecutive sessions.
- Where
- The domestic price movement was reported in New Delhi, while global prices were reported in international markets.
- Why
- A stronger dollar, profit-taking, weak global trends, and expectations of tighter monetary policy weighed on bullion.
- Domestic gold price
- ₹1.54 lakh per 10 grams for 99.9% purity gold in Delhi
- Daily gold decline
- ₹900 per 10 grams
- Silver price
- ₹2.42 lakh per kilogram, unchanged for a second session
- Spot gold price
- $4,317.09 per ounce, down $41.49 or 1%
- Spot silver price
- $65.17 per ounce, down nearly 3%
- Dollar index
- Rose toward 100.85-100.86, its highest level since July
- Domestic buying shift
- Consumers are choosing lighter jewellery, old-gold exchanges, coins, digital gold, and ETFs
- One-year domestic price change
- Gold rose from roughly ₹98,000 to ₹1.57 lakh per 10 grams, according to Akshat Garg