Gold Prices Fall for Third Straight Day; Silver Also Declines Amid Global Market Pressure
Gold extends losses as stronger US dollar and Federal Reserve's rate outlook weigh on bullion, while silver slips after three days of stability.
Gold Prices Fall for Third Straight Day: Gold prices in India continued their downward trend for the third consecutive day, while silver prices also declined on Monday amid global economic uncertainty and a stronger US dollar.
According to the latest market update, 24-carat gold has fallen by a cumulative ₹1,540 per 10 grams over the past three days, while 22-carat gold has declined by ₹1,410 per 10 grams. In today’s trade, both 24-carat and 22-carat gold prices slipped by ₹10 per 10 grams.
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Market experts attribute the decline to a combination of geopolitical developments in the Middle East, expectations of tighter US monetary policy, and profit booking in the bullion market.
Today’s Gold Prices (Per 10 Grams)
| City | 24K Gold | 22K Gold | 18K Gold |
|---|---|---|---|
| Delhi | ₹1,42,940 | ₹1,31,040 | ₹1,07,240 |
| Mumbai | ₹1,42,790 | ₹1,30,890 | ₹1,07,090 |
| Kolkata | ₹1,42,790 | ₹1,30,890 | ₹1,07,090 |
| Chennai | ₹1,43,450 | ₹1,31,490 | ₹1,09,690 |
| Bengaluru | ₹1,42,790 | ₹1,30,890 | ₹1,07,090 |
| Hyderabad | ₹1,42,790 | ₹1,30,890 | ₹1,07,090 |
| Lucknow | ₹1,42,940 | ₹1,31,040 | ₹1,07,240 |
| Patna | ₹1,42,840 | ₹1,30,940 | ₹1,07,140 |
| Jaipur | ₹1,42,940 | ₹1,31,040 | ₹1,07,240 |
| Ahmedabad | ₹1,42,840 | ₹1,30,940 | ₹1,07,140 |
Silver Prices Also Edge Lower
Silver prices also witnessed a decline after remaining unchanged for three consecutive days. The price of silver fell by ₹100 per kilogram, bringing the rate in Delhi, Mumbai, Kolkata, and Chennai to ₹2,34,900 per kg.
Earlier this month, silver had experienced significant volatility, including sharp gains and declines driven by changing industrial demand and global commodity market movements.
According to Jatin Trivedi, Vice President – Commodity and Currency Research at LKP Securities, gold prices have come under pressure after the US Federal Reserve indicated the possibility of another interest rate hike in 2026.
A stronger US dollar and expectations of higher interest rates have reduced investor demand for non-yielding assets such as gold. Additionally, profit booking in the bullion market has further weighed on precious metal prices.
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