Gold & Silver Prices Fall in Delhi Amid Diwali & Global Cues - Rediff MoneyWiz

AI desk brief

Delhi gold fell Rs 800 to Rs 1,45,600 per 10 grams and silver dropped Rs 5,000 to Rs 1,87,500/kg, both including taxes, amid subdued Diwali trading. International prices diverged: spot gold edged higher to $4,047.71/oz and silver rose nearly 3% to $52.86/oz. HDFC Securities’ Saumil Gandhi said persistent inflation and hawkish Fed signals could sustain dollar and Treasury-yield strength, limiting gold’s recovery. Mirae Asset Sharekhan’s Praveen Singh retained a bearish near-term gold outlook, while warning that oil, down nearly 25% in 10 days, could remain volatile if US-Iran peace talks fail to progress.