Stories
Gold Prices Drop By Rs 1400 During Navratri
N
News18•12-10-2026, 22:41
Gold Prices Drop By Rs 1400 During Navratri
- •Gold prices in the Delhi bullion market decreased by Rs 1,400 to Rs 1,53,000 per 10 grams.
- •Silver prices also witnessed a major drop, falling by Rs 2,000 to Rs 2,26,500 per kg.
- •The strengthening of the rupee against the dollar and international market cues drove the price decline.
- •Experts indicate that market volatility will persist as investors monitor US inflation data and the US dollar index.
- •The price drop comes as a major relief for consumers planning to buy precious metals during the festive season.
Key Questions Answered
In the Delhi bullion market, the price of 24-karat gold decreased by Rs 1,400 to reach Rs 1,53,000 per 10 grams on Monday. Meanwhile, silver saw a drop of Rs 2,000 per kg, bringing its price down to Rs 2,26,500 per kg.
The drop in prices was driven by domestic and international market cues, notably the rupee strengthening by 96 paisa against the dollar to close at 95.75, which reduced import costs. Additionally, overseas spot gold fell by $17.36 to $4,176.88 per ounce.
Investors are closely watching the US dollar, bond yields, the trajectory of the rupee, and upcoming US inflation data. This data will provide hints regarding interest rates, which could significantly impact future gold and silver market trends.
