Gold Prices Drop Amid Profit Booking, US Dollar Strength Gold prices in New Delhi fell by Rs 600 to Rs 1,66,500 per 10 grams on Wednesday, ending a four-day rally. The decline came amid weak trends in international markets and traders booking profits after a strong multi-week uptrend. The yellow metal of 99.9 per cent purity had previously closed at Rs 1,67,100 per 10 grams. Meanwhile, silver rebounded modestly, rising Rs 500 to Rs 2,50,500 per kilogram, according to the All India Sarafa Association. Analysts attributed the gold price drop to a strengthening US dollar ahead of the US Personal Consumption Expenditures (PCE) inflation report. Akshat Siddhant, Lead Quant Analyst at Mudrex, noted that gold had reached fresh multi-month highs this year due to the US Treasury’s debt-buyback program, lower bond yields, and steady purchases by China’s central bank. However, the recent decline signaled a pause in the rally as traders adjusted positions. Global markets also saw spot gold fall USD 39.66, or nearly 1 per cent, to USD 4,619.21 per ounce, while silver dipped slightly to USD 68.50 per ounce. Praveen Singh, Head of Commodities at Mirae Asset ShareKhan, explained that gold had consolidated after five consecutive days of gains, reflecting cautious sentiment. He also mentioned that crude oil prices extended their decline due to concerns over reduced supply, with Iran and Oman pushing for a temporary opening of the Strait of Hormuz. Investors have shown increased interest in gold-backed exchange-traded funds, according to Singh. Looking ahead, Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, highlighted that the US Federal Reserve’s approach to inflation and monetary policy could influence the US dollar, Treasury bond yields, and precious metals.#us_dollar #mirae_asset_sharekhan #hdfc_securities #all_india_sarafa_association #mudrex
Gold Prices Drop Rs 600 After Four-Day Rally, Silver Edges Higher Gold prices declined by Rs 600 to Rs 1,66,500 per 10 grams in Delhi on Wednesday, snapping a four-day upward trend amid profit-taking and a strengthening US dollar. The yellow metal of 99.9 per cent purity had closed at Rs 1,67,100 per 10 grams in the previous session. Silver prices rebounded modestly, rising Rs 500 to Rs 2,50,500 per kilogram (inclusive of all taxes) from Tuesday’s closing level of Rs 2.5 lakh per kg, according to the All India Sarafa Association. The decline in gold prices was attributed to traders booking profits after a sustained rally, with analysts noting that the metal’s recent gains were partly fueled by the US Treasury’s debt-buyback program, lower bond yields, and steady purchases from China’s central bank. Akshat Siddhant, Lead Quant Analyst at Mudrex, highlighted that the decline reflected a shift in investor sentiment as the US dollar strengthened ahead of the release of the US Personal Consumption Expenditures (PCE) inflation report. He emphasized that gold’s performance had been supported by a combination of monetary policy measures and geopolitical tensions, which had kept demand for safe-haven assets elevated. In global markets, spot gold prices fell by nearly 1% to USD 4,619.21 per ounce, consolidating after five consecutive days of gains. Praveen Singh, Head of Commodities at Mirae Asset ShareKhan, noted that the decline was part of a broader correction as investors reassessed risk appetite. Meanwhile, silver prices dipped slightly to USD 68.50 per ounce, though the metal remained resilient amid continued industrial demand. The decline in gold prices coincided with broader market trends, including a drop in crude oil prices due to concerns over supply stability.#us_treasury #mirae_asset_sharekhan #hdfc_securities #all_india_sarafa_association #mudrex
Gold Prices Drop Rs 900 to Rs 1.47 Lakh per 10 Grams in Delhi Amid Strong Rupee and Weak Global Demand Gold prices in Delhi fell by Rs 900 to Rs 1.47 lakh per 10 grams on Monday, driven by a stronger Indian rupee and subdued activity in international markets. The decline, reported by the All India Sarafa Association, saw the yellow metal of 99.9 per cent purity trade at Rs 1,47,400 per 10 grams (inclusive of all taxes), down from Rs 1,48,300 per 10 grams in the previous session. Analysts attributed the drop to a combination of factors, including the rupee’s appreciation and limited buying interest from investors. Saumil Gandhi, a senior commodities analyst at HDFC Securities, noted that gold prices remained in a narrow range due to weak international demand and cautious investor behavior ahead of key US economic data releases. “The absence of fresh buying interest and a wait-and-see approach from investors are limiting further gains,” Gandhi said. Silver, however, showed a rebound, rising Rs 1,800 to Rs 2,26,500 per kilogram from its previous closing level of Rs 2,24,700 per kg. Gaurav Garg, head of research at Lemonn Markets Desk, explained that the metal’s recovery was fueled by improved sentiment following a weaker US dollar and easing oil prices. “Investors are increasingly favoring precious metals as geopolitical tensions ease and energy markets stabilize,” Garg added. On the global front, spot gold prices edged up to USD 4,048.89 per ounce, while silver rose marginally to USD 57.97 per ounce. Kaynat Chainwala, AVP commodity research at Kotak Securities, highlighted that the metals’ gains were supported by falling oil prices and reduced geopolitical tensions, particularly after US President Donald Trump canceled planned strikes against Iran.#hdfc_securities #all_india_sarafa_association #saumil_gandhi #gaurav_garg #lemonn_markets_desk
Gold & Silver Prices Drop Amid Dollar Strength and US Rate Outlook Gold and silver prices continued their decline in Delhi for the fourth consecutive day, driven by a strong US dollar and expectations of sustained high interest rates. On Friday, gold fell Rs 2,840 to Rs 1.5 lakh per 10 grams, while silver hit a two-month low of Rs 2.4 lakh per kilogram, according to the All India Sarafa Association. The yellow metal, priced at 99.9% purity, dropped to Rs 1,50,600 per 10 grams from Rs 1,53,440 the previous day. Silver, meanwhile, plunged Rs 8,040 to Rs 2,40,700 per kg, its lowest level since April 7. Analysts attributed the slump to growing investor preference for the dollar amid anticipation that US interest rates will remain elevated. Saumil Gandhi of HDFC Securities noted that the dollar index reached a one-year high, intensifying pressure on precious metals. "The strength of the US dollar is negatively impacting market sentiment," he said, adding that gold now faces a third weekly loss after reversing from earlier record highs. Pankaj Singh of SmartWealth AI highlighted the correction as a result of prolonged high interest rates, which have pushed Treasury yields higher and increased the opportunity cost of holding non-yielding assets like gold. Internationally, spot gold fell 1.44% to USD 4,148.45 per ounce, while silver dropped 1.51% to USD 64.73 per ounce. Market uncertainty also stemmed from the US-Iran peace agreement, which faced delays due to geopolitical tensions. US Vice-President J D Vance canceled a planned visit to Switzerland, and Iran postponed sending its delegation following Israeli strikes in Lebanon.#us_dollar #mirae_asset_sharekhan #hdfc_securities #all_india_sarafa_association #smartwealth_ai
Gold, Silver Rate Today Highlights: Gold, silver prices rise marginally amid rising geopolitical tensions Gold and silver prices edged higher in the past week, driven by escalating geopolitical tensions and a weakening Indian rupee, according to reports from the All India Sarafa Association and market analysts. The surge in bullion prices followed a sharp decline in equity markets and heightened concerns over inflation, which have kept investors seeking safe-haven assets. Analysts noted that silver showed stronger momentum than gold due to supply constraints and industrial demand, while gold’s rise was largely attributed to the rupee’s record low against the US dollar and regional instability in the Persian Gulf. In Delhi, 99.9% pure gold prices climbed Rs 1,500 to Rs 1,56,800 per 10 grams, marking a significant jump. The rupee’s depreciation to 95.63 against the dollar, coupled with fears of prolonged geopolitical uncertainty, fueled demand for gold as a hedge. Silver prices also surged, rising 4.53% to Rs 2,77,000 per kg, as investors shifted toward metals amid cautious sentiment ahead of key US inflation data. The sharp rally in silver was further supported by industrial demand and supply-side pressures, with analysts highlighting its role as a barometer for economic uncertainty. On Tuesday, gold and silver prices continued their upward trajectory, with 24-karat gold reaching Rs 1,53,596 per 10 grams in Mumbai and silver hovering around Rs 2,76,303 per kilogram. The rise coincided with a sharp selloff in equity markets, with the Sensex plunging 1,456 points and the Nifty closing down 436 points. The decline in stock indices intensified demand for gold, which is traditionally viewed as a safe-haven asset during periods of global instability.#india #persian_gulf #multi_commodity_exchange #all_india_sarafa_association #us_inflation_data
