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Gold Plummets Rs 1,500 in Delhi Amidst Weak Global Trends; Silver Holds Steady
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News18•22-09-2026, 18:15
Gold Plummets Rs 1,500 in Delhi Amidst Weak Global Trends; Silver Holds Steady
- •Gold prices in Delhi fell by Rs 1,500 to Rs 1.54 lakh per 10 grams for the second consecutive session on Tuesday.
- •The decline in gold is attributed to hawkish remarks from Federal Reserve officials and a strong US dollar, pushing the dollar index above 100.
- •Silver prices remained unchanged at Rs 2.42 lakh per kilogram in the national capital.
- •Lower oil prices provided some support to gold by easing inflation concerns, fueled by optimism for a diplomatic resolution to the US-Iran conflict.
- •Investors are awaiting US economic data and a meeting between US President Donald Trump and Chinese counterpart Xi Jinping for further market direction.
Key Questions Answered
Gold prices in the national capital fell by Rs 1,500 to reach Rs 1,54,900 per 10 grams for 99.9 per cent purity. Meanwhile, silver prices remained unchanged at Rs 2.42 lakh per kilogram.
Gold extended its decline due to hawkish remarks from Federal Reserve officials indicating that interest rates might stay elevated, alongside a strong US dollar that exerted downward pressure.
In global markets, spot gold and silver traded nearly 1 per cent lower at USD 4,315.09 and USD 65.50 per ounce, respectively.
