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Gold Prices Plummet Rs 1,400 Amid Stronger Rupee and Global Weakness
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News18•12-10-2026, 18:15
Gold Prices Plummet Rs 1,400 Amid Stronger Rupee and Global Weakness
- •Gold prices dropped by Rs 1,400 to Rs 1.53 lakh per 10 grams in New Delhi due to a stronger rupee and weak global cues.
- •Silver prices also saw a decline, dropping Rs 2,000 to Rs 2,26,500 per kilogram according to the All India Sarafa Association.
- •The Indian rupee appreciated significantly by 96 paise to close at 95.75 against the US dollar following Reserve Bank of India measures.
- •In international markets, spot gold fell USD 17.36 to trade at USD 4,176.88 per ounce while silver traded marginally lower.
- •Experts note that investors are closely monitoring dollar movements, US bond yields, and upcoming inflation data before determining long-term trends.
Key Questions Answered
Gold and silver prices dropped due to a stronger Indian rupee and weakness in global markets that pressured domestic bullion rates, according to the All India Sarafa Association.
The rupee appreciated by 96 paise to close at 95.75 against the US dollar, marking its steepest single-day gain in over six months following RBI intervention.
Spot gold fell by USD 17.36 to USD 4,176.88 per ounce in international markets, while silver traded marginally lower at USD 60.66 an ounce.