Yesterday, the price of gold in Delhi fell by ₹1,400, and today, the price has fallen again. According to reports, the price has also fallen by ₹1,300.

Gold and silver prices today

Gold prices fell by ₹1,400 to ₹1.53 lakh per 10 grams in the national capital on Monday amid a strengthening rupee and weakness in global markets. According to the All India Sarafa Association, gold of 99.9% purity had closed at ₹1,54,400 per 10 grams on Friday. Silver prices also fell by ₹2,000 to ₹2,26,500 per kilogram (including all taxes). It had closed at ₹2,28,500 per kilogram in the previous trading session.

Gold gets support from strong rupee.

According to a PTI report, Saumil Gandhi, commodity analyst at HDFC Securities, said, "Gold prices remained subdued in the domestic market on Monday due to weak signals from global markets. A strengthening rupee also put pressure on precious metal prices." The Reserve Bank of India (RBI) had taken several measures to strengthen the currency. Following this, the rupee strengthened by 96 paise against the US dollar on Monday to close at 95.75 per dollar. This was the biggest single-day gain in more than six months.

And what are the experts saying?

Gandhi said demand for physical gold was mixed. Domestic gold buying remained subdued after the price spike, while demand is expected to pick up after a period of low trading due to holidays in China. Internationally, spot gold fell $17.36, or 0.41%, to $4,176.88 per ounce, while silver rose. was trading marginally lower at $60.66 per ounce.

Gaurav Garg, head of research at brokerage platform Lemmon, said, "Gold prices fell to around $4,179 per ounce in global markets despite softening crude oil prices. The US dollar index remained near an 18-month high, limiting the potential for further gains in precious metal prices." Garg said crude oil prices fell on expectations of increased energy supplies from Russia, easing immediate supply concerns. However, renewed tensions in West Asia and risks to regional maritime transport kept oil prices volatile.

What is the price today?

Today, the price of 24-carat gold ranges between ₹1,49,800 and ₹1,50,980 per 10 grams. Meanwhile, the price of 22-carat gold remains between ₹1,37,300 and ₹1,38,400 per 10 grams.

Today, the price of 24-carat gold in Delhi is ₹1,49,810 and 22-carat gold is ₹1,37,330 per 10 grams. Meanwhile, in Mumbai, the price of 24-carat gold is approximately ₹1,55,317 and 22-carat gold is ₹1,42,985 per 10 grams. This does not include 3% GST and making charges.