Gold falls Rs 1,400 in Delhi to Rs 1.49 lakh per 10 grams; silver dips Rs 200
AI Market Summary
Gold and silver weakened as a firmer USD, higher US Treasury yields, and softer risk-off demand outweighed residual geopolitical concerns. In India, a sharp rupee appreciation amplified the decline in local bullion prices by lowering import-cost pressures. Markets are positioned cautiously ahead of Fed June minutes and near-term US macro releases (ADP, jobless claims, inflation), which could further influence real-rate and dollar dynamics driving precious metals.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT-0.52%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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Gold prices in India fell Rs 1,400 to Rs 1.49 lakh per 10 grams, while silver slipped Rs 200 to Rs 2.39 lakh per kg. Spot gold dropped 0.59% to USD 4,140.59 an ounce and silver fell nearly 2% to USD 60.89. The moves came as the dollar index strengthened, US Treasury yields rose and safe-haven demand eased, while the rupee’s 48-paise gain weighed on imported bullion.
