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Gold Prices Drop in Delhi as Rupee Strengthens, Global Cues Subdue Market
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News18•21-09-2026, 16:30
Gold Prices Drop in Delhi as Rupee Strengthens, Global Cues Subdue Market
- •Gold prices in Delhi fell by Rs 200 to Rs 1,56,400 per 10 grams on Monday, influenced by subdued global trends and a stronger rupee.
- •Silver also experienced a significant decline, dropping Rs 5,000 to Rs 2.42 lakh per kilogram.
- •Global spot gold prices decreased by USD 24.75, or 0.57 per cent, to USD 4,353.48 per ounce.
- •A stronger rupee, which gained 15 paise against the US dollar, and rising stock markets contributed to the precious metals' decline.
- •Falling oil prices, with WTI crude slipping below USD 100, eased inflation pressures, further impacting gold's appeal.
Key Questions Answered
Gold prices in the national capital slipped by Rs 200 to stand at Rs 1,56,400 per 10 grams on Monday amid a stronger rupee and subdued global trends.
Silver took a sharp hit, falling by Rs 5,000 to reach Rs 2.42 lakh per kilogram inclusive of all taxes in Delhi.
Precious metal prices fell due to a firm rupee, subdued global trends, hawkish Federal Reserve commentary, elevated inflation concerns, and a stronger dollar.
