Gold and silver prices today in India fell sharply; silver dropped ₹14,000 per kg and gold ₹1,500 per 10 grams amid international market volatility and a stronger US dollar.
Gold and silver prices in India witnessed a significant drop in trading today, reflecting volatility in both domestic and international markets. Early morning trade saw silver plummet by ₹14,000, while gold declined by over ₹1,500 per 10 grams.
Current Gold and silver prices
As of Friday morning, gold prices fell to ₹1,50,000 per 10 grams in bullion trading. Silver prices also tumbled by ₹14,000, reaching ₹2,33,000 per kilogram. By 11 AM, gold slipped further to ₹1,51,000 per 10 grams, while silver’s rate decreased by ₹9,720, bringing it to ₹2,37,000 per kilogram.
Recent Trends in the Bullion Market
On Thursday, silver had already seen a sharp decline of ₹30,300, touching ₹2,68,000 per kilogram, while gold dropped ₹4,500, settling at ₹1,60,000 per 10 grams.
also read:- Gold Prices Drop Across Major Indian Cities on February…
International Market Influence
The fall in gold and silver prices in India is closely linked to movements in international markets. The US dollar reached near two-week highs, and signs of easing US-China trade tensions influenced investor sentiment. A stronger dollar makes gold costlier for holders of other currencies, reducing global demand and contributing to price drops.
Spot gold fell by 2.5% to $4,838.81 per ounce, slipping from the nearly one-week high it touched earlier in the session. April delivery gold futures in the US also fell 1.9%, closing at $4,855.60 per ounce. Silver experienced an even sharper fall, with spot prices declining 14.9% to $74.94 per ounce. Notably, last week, silver reached a record high of $121.64 per ounce.
Market Outlook
Analysts suggest that bullion prices may continue to fluctuate as global economic indicators, currency movements, and trade policies influence investor decisions. Traders and investors are advised to monitor both domestic and international markets closely before making any major investments in gold or silver.
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