Gold Prices Dip ₹100 in Delhi; Silver Remains Unchanged
New Delhi: Gold prices slipped by ₹100 to ₹1,24,600 per 10 grams in the national capital on Friday, weighed down by fresh selling from jewellers and stockists, according to the All India Sarafa Association.
Gold of 99.5% purity dropped to ₹1,24,000 per 10 grams (inclusive of all taxes), compared to Thursday’s closing price of ₹1,24,100. Similarly, gold of 99.9% purity, which had settled at ₹1,24,700 per 10 grams in the previous session, also recorded a marginal decline.
Silver prices, however, remained unchanged at ₹1,53,300 per kilogram, inclusive of all taxes.
In global markets, spot gold gained USD 19.84, or 0.5%, to trade at USD 3,996.93 per ounce, while spot silver rose 0.96% to USD 48.48 per ounce.
Experts attributed the uptick in global gold prices to investor preference for safe-haven assets amid rising concerns over a potential AI-driven bubble in equity markets and uncertainty linked to the prolonged US government shutdown.
The dollar index slipped 0.08% to 99.65, providing additional support to gold prices. The ongoing US government shutdown—now in its 38th day—has begun to weigh on economic activity and delayed key macroeconomic data releases.
“Given the current uncertainty, dollar weakness, and the extended shutdown, gold could see further appreciation,” an expert noted.
Jateen Trivedi, VP Research Analyst (Commodity and Currency) at LKP Securities, said, “Market participants will be closely monitoring upcoming speeches by Federal Reserve officials and Consumer Price Index (CPI) data from both the US and India next week.”
