Gold slips ₹400 to ₹1,49,200 per 10 grams in Delhi as Brent jumps to $99.51
AI Market Summary
Gold and silver weakened as a sharp Brent rally tied to renewed Red Sea tensions lifted inflation expectations and reinforced the case for prolonged restrictive Fed policy. Higher energy-driven inflation risk raises real-rate and opportunity-cost headwinds for bullion, prompting profit-taking and softer global spot prices. Near-term bullion sentiment is pressured while geopolitical risk is being expressed more through oil than safe-haven flows.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT-1.70%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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Yemen’s Houthis targeted a commercial ship in the Red Sea for the first time in months, helping lift Brent crude nearly 6% in a day to $99.51 a barrel. As the oil surge stoked inflation worries and reinforced expectations of further US Federal Reserve tightening, international spot gold fell 1% to $4,091.17 an ounce. In India, gold dropped ₹400 to ₹1,49,200 per 10 grams and silver fell ₹300 to ₹2,29,700 per kilogram.
