Prices of gold fell for the fourth straight day in the national capital. On Friday, gold prices slumped by Rs 2,500 to Rs 1.40 lakh per 10 grams on account of lack of demand after Diwali and weak global cues.

As per the All India Bullion Association, 99.9 percent pure gold fell by Rs 2,500 and closed at Rs 1,40,900 per 10 grams. This included all taxes and was down from Thursday’s closing rate of ₹1,43,400 per 10 grams. Prices of silver too started declining, having remained stable in the previous session.

The white metal declined by ₹3,500 to ₹1,84,000 per kg, including all taxes. The previous closing price was ₹1,87,500 per kg. Saumil Gandhi, Senior Analyst, Commodities, HDFC Securities, opined that domestic gold prices were under pressure owing to weak global cues and fall in retail demand after Diwali. According to Vikram Subburaj, Chief Executive Officer, Giottus.com, silver is also facing a sharp decline. Rising US Treasury yields and a strengthening dollar are putting pressure on precious metals.

Spot gold in global markets saw a rise of ₹27.21, or 1 percent, to reach ₹3,904.87 per ounce. Gold fell 3% in the previous session to close at $3,877.52, slipping below the psychological $4,000 level. However, silver remained steady at $50.04 per ounce. Saumil Gandhi reported that gold remained around $3,900 per ounce after hitting a new 52-week low on Thursday.

Vikram Subburaj noted that the metal's sharp decline highlights its greater sensitivity to changes in risk appetite and industrial demand expectations. The sell-off intensified after President Donald Trump's comments dampened hopes for an immediate diplomatic breakthrough. Trump had stated that Washington does not need a peace deal with Tehran. Investors are awaiting US producer price index (PPI) and core PPI data for clues on inflation trends and the Federal Reserve's monetary policy outlook.

Jatin Trivedi, VP Research Analyst - Commodity and Currency at LKP Securities, said that volatility is likely to remain high amid dollar movements. Crude oil prices have also been supported by ongoing tensions in West Asia, raising inflation concerns. Furthermore, expectations of tighter monetary conditions by the US central bank are also strengthening.

Prices of gold fell for the fourth straight day in the national capital. On Friday, gold prices slumped by Rs 2,500 to Rs 1.40 lakh per 10 grams on account of lack of demand after Diwali and weak global cues.

As per the All India Bullion Association, 99.9 percent pure gold fell by Rs 2,500 and closed at Rs 1,40,900 per 10 grams. This included all taxes and was down from Thursday’s closing rate of ₹1,43,400 per 10 grams. Prices of silver too started declining, having remained stable in the previous session.

The white metal declined by ₹3,500 to ₹1,84,000 per kg, including all taxes. The previous closing price was ₹1,87,500 per kg. Saumil Gandhi, Senior Analyst, Commodities, HDFC Securities, opined that domestic gold prices were under pressure owing to weak global cues and fall in retail demand after Diwali. According to Vikram Subburaj, Chief Executive Officer, Giottus.com, silver is also facing a sharp decline. Rising US Treasury yields and a strengthening dollar are putting pressure on precious metals.

Spot gold in global markets saw a rise of ₹27.21, or 1 percent, to reach ₹3,904.87 per ounce. Gold fell 3% in the previous session to close at $3,877.52, slipping below the psychological $4,000 level. However, silver remained steady at $50.04 per ounce. Saumil Gandhi reported that gold remained around $3,900 per ounce after hitting a new 52-week low on Thursday.

Vikram Subburaj noted that the metal's sharp decline highlights its greater sensitivity to changes in risk appetite and industrial demand expectations. The sell-off intensified after President Donald Trump's comments dampened hopes for an immediate diplomatic breakthrough. Trump had stated that Washington does not need a peace deal with Tehran. Investors are awaiting US producer price index (PPI) and core PPI data for clues on inflation trends and the Federal Reserve's monetary policy outlook.

Jatin Trivedi, VP Research Analyst - Commodity and Currency at LKP Securities, said that volatility is likely to remain high amid dollar movements. Crude oil prices have also been supported by ongoing tensions in West Asia, raising inflation concerns. Furthermore, expectations of tighter monetary conditions by the US central bank are also strengthening.