Gold, Silver Prices Fall in Delhi Amid Strong Rupee, Global Cues - Rediff MoneyWiz

AI desk brief

Gold and silver fell in Delhi, with 99.9% gold down Rs 200 to Rs 1,56,400 per 10 grams and silver down Rs 5,000 to Rs 2.42 lakh per kg. The move was driven by a stronger rupee, weaker global precious-metals prices, and a softer inflation backdrop as oil prices fell for a fourth straight session.

In global trade, spot gold slipped USD 24.75, or 0.57%, to USD 4,353.48/oz, while silver was flat at USD 66.27/oz. Traders said hawkish Fed commentary and elevated inflation concerns had kept yields and the dollar firm, while West Asia tensions continued to provide some underlying support.