Stories
Gold prices drop to Rs 1.48 lakh in Delhi due to weak demand
N
News18•07-10-2026, 18:30
Gold prices drop to Rs 1.48 lakh in Delhi due to weak demand
- •Gold prices fell for the second straight session, dropping Rs 700 to Rs 1,48,900 per 10 grams in New Delhi.
- •The decline was driven by subdued local retail demand and weak global market trends.
- •Silver prices remained unchanged for the third consecutive session, holding steady at Rs 2.27 lakh per kilogram.
- •Global spot gold fell 1.14 per cent to USD 4,116.55 per ounce as investors awaited US Federal Reserve meeting minutes.
- •The Reserve Bank of India raised its benchmark interest rate by 25 basis points to 5.50 per cent amid rising inflation concerns.
Key Questions Answered
Gold prices in New Delhi fell by Rs 700 to Rs 1.48 lakh per 10 grams due to subdued local demand and weak global trends.
The Reserve Bank of India raised its benchmark interest rate by 25 basis points to 5.50 per cent, marking its first increase in nearly four years, and shifted its policy stance to calibrated tightening.
In the national capital, silver prices remained unchanged for the third consecutive session at Rs 2.27 lakh per kilogram. Meanwhile, international spot silver dropped 2.26 per cent to hit nearly a three-month low of USD 59.97 an ounce.
