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Gold Prices Plummet Below Rs 1.5 Lakh in Delhi, First Time in Two Months
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News18•29-09-2026, 17:30
Gold Prices Plummet Below Rs 1.5 Lakh in Delhi, First Time in Two Months
- •Gold prices in Delhi fell below Rs 1.50 lakh per 10 grams for the first time in two months, dropping by Rs 1,400.
- •The yellow metal of 99.9% purity traded at Rs 1,48,600 per 10 grams, inclusive of all taxes, on Tuesday.
- •This decline is attributed to bearish local demand and a soaring US dollar, with prices last seen at these levels on July 31.
- •Silver prices remained unchanged at Rs 2.32 lakh per kilogram, after a Rs 5,000 fall in the previous session.
- •Globally, spot gold saw a modest recovery, rising nearly 1% to USD 4,145.26 per ounce, while silver traded flat at USD 60.69 per ounce.
Key Questions Answered
Gold prices in New Delhi slipped below Rs 1.50 lakh per 10 grams for the first time in two months, trading lower by Rs 1,400 at Rs 1,48,600 per 10 grams inclusive of all taxes.
Silver prices remained unchanged at Rs 2.32 lakh per kilogram inclusive of all taxes after having fallen by Rs 5,000 in the previous session from Friday's closing level of Rs 2.37 lakh per kg.
In global markets, spot gold staged a modest recovery by rising USD 30.34, or nearly 1 percent, to reach USD 4,145.26 per ounce after tumbling 4 percent in the previous session.