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Gold and Silver Prices Stay Steady in New Delhi Amid Strengthening Rupee
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News18•16-10-2026, 18:00
Gold and Silver Prices Stay Steady in New Delhi Amid Strengthening Rupee
- •Gold prices remained unchanged at Rs 1,49,900 per 10 grams, while silver held steady at Rs 2.15 lakh per kilogram in the national capital.
- •During the week, gold declined by Rs 4,500 and silver shed Rs 13,500 in the local market due to high volatility.
- •The strengthening rupee, which rose for the sixth straight session to 94.92 against the US dollar, capped the recovery of precious metals.
- •In international markets, spot gold gained 0.30 per cent to USD 4,183.34 per ounce and silver rose nearly 1 per cent to USD 57.80 an ounce.
- •Global safe-haven buying, short-covering, and a softer dollar index provided support to the precious metals amid weaker equities and falling US bond yields.
Key Questions Answered
Gold and silver prices stayed steady in the national capital as a strengthening rupee capped any potential recovery for the precious metals following a volatile week.
Gold prices declined by Rs 4,500, or 3 per cent, while silver shed Rs 13,500, or 6 per cent, in the local market during the week.
International prices were supported by safe-haven buying, short-covering, weaker equities, falling US bond yields, and a softer dollar index slipping from its 18-month high.
