Gold Prices Fall ₹500 In Delhi To ₹1.55 Lakh Per 10 Gram

Gold prices in Delhi fell by ₹500 to ₹1,55,400 per 10 gram on Monday, due to a surge in crude oil prices and a strong US dollar. The yellow metal had closed at ₹1,55,900 per 10 gram on Friday.

The decline in gold prices was also seen in global markets, where spot gold declined by $57.22, or 1.3 per cent, to $4,291.71 per ounce. Silver prices also tumbled, falling nearly 3 per cent to $62.82 per ounce.

According to Akshat Siddhant, Lead Quant Analyst at investment platform Mudrex, the rise in crude oil prices has added to inflation worries, putting further pressure on demand for gold and silver. Crude oil surged to $103 a barrel, a fresh four-month high, after Saudi Arabia shut its East-West pipeline following drone attacks.

The oil spike is also complicating the interest-rate outlook, with the Australia and New Zealand Banking Group (ANZ) forecasting three 25-basis-point Federal Reserve rate increases by March 2027. However, ANZ expects that persistent geopolitical uncertainty could simultaneously strengthen gold's safe-haven appeal.

The bank retained its 12-month gold price target of $5,400 an ounce, citing recovering gold-backed ETF holdings and speculative positions, institutional demand in China, and rising investor participation in India, as factors supporting investment demand for the metal.

Silver, on the other hand, held steady at ₹2,34,600 per kilogram in Delhi, according to local traders. The stability in silver prices was a notable exception to the decline in gold prices.

The decline in gold prices marks the third consecutive weekly loss, as investors priced in a probable Fed rate hike. The rise in crude oil prices and the strong US dollar have put pressure on the bullion markets, leading to the decline in gold prices.

In related news, the surge in crude oil prices has also led to concerns about inflation and interest rates. The Federal Reserve is expected to increase interest rates in the coming months, which could further impact gold prices.

Overall, the decline in gold prices is a significant development in the bullion markets, and investors will be closely watching the movement of crude oil prices and the US dollar in the coming days.

The impact of the decline in gold prices will be closely watched by investors and traders, as it could have significant implications for the bullion markets. The rise in crude oil prices and the strong US dollar have created a challenging environment for gold prices, and it remains to be seen how the markets will react in the coming days.

In conclusion, the decline in gold prices is a notable development, and investors will be closely watching the movement of crude oil prices and the US dollar in the coming days. The stability in silver prices is a notable exception, and it remains to be seen how the markets will react in the coming days.

The decline in gold prices has significant implications for investors and traders, and it will be closely watched in the coming days. The rise in crude oil prices and the strong US dollar have created a challenging environment for gold prices, and it remains to be seen how the markets will react.

The gold market is expected to remain volatile in the coming days, as investors and traders react to the decline in gold prices. The movement of crude oil prices and the US dollar will be closely watched, as it could have significant implications for the bullion markets.

The decline in gold prices is a significant development, and it will be closely watched by investors and traders in the coming days. The stability in silver prices is a notable exception, and it remains to be seen how the markets will react in the coming days.

What it means for India is that the decline in gold prices could have significant implications for the country's bullion markets. The rise in crude oil prices and the strong US dollar have created a challenging environment for gold prices, and it remains to be seen how the markets will react in the coming days.

The decline in gold prices could also have implications for the Indian economy, as gold is a significant import for the country. The rise in crude oil prices and the strong US dollar have created a challenging environment for the Indian economy, and it remains to be seen how the country will react in the coming days.

In conclusion, the decline in gold prices is a significant development, and it will be closely watched by investors and traders in the coming days. The stability in silver prices is a notable exception, and it remains to be seen how the markets will react in the coming days. The implications for India are significant, and it remains to be seen how the country will react to the decline in gold prices.