Silver Crashes by ₹13,500, Gold Also Slips Sharply in Delhi Bullion Market — Latest Rates Here

Gold and silver prices witnessed a steep fall in the national capital’s bullion market on Friday, reflecting weak demand and cautious sentiment among investors. Silver recorded a major decline of 5.03%, plunging by ₹13,500 per kilogram, while gold also weakened significantly.

According to the All India Sarafa Association, silver prices dropped to ₹2,55,000 per kg (inclusive of all taxes), compared to ₹2,68,500 per kg in the previous session. The sharp fall has surprised market participants, marking one of the biggest single-day declines in recent times.

Gold prices also slipped notably. The rate of 99.9% pure gold fell by ₹2,400, closing at ₹1,58,500 per 10 grams (inclusive of all taxes). In the previous trading session, gold had closed at ₹1,60,900 per 10 grams.

Why Did Prices Fall?

Market experts attribute the sudden decline to broad selling pressure in equities and heightened caution ahead of key economic data from the United States.

HDFC Securities Senior Analyst (Commodities), Saumil Gandhi, stated that widespread selling in the stock market has intensified pressure on precious metals. Investors are reportedly adopting a wait-and-watch approach as they anticipate the release of the much-awaited US Consumer Price Index (CPI) inflation data.

International Market Movement

Meanwhile, international markets also witnessed fluctuations. Spot silver gained $2.01 (around 3%) to trade at $77.30 per ounce, while spot gold rose nearly 1%, trading close to $4,968.40 per ounce.

Kayanat Chainwala, Vice President (Commodity Research) at Kotak Securities, said silver was trading near $79 per ounce, while gold hovered around $4,990 per ounce, largely due to market focus on upcoming US inflation figures.

She also added that easing geopolitical tensions, including reduced concerns related to the US-Iran situation and the Russia-Ukraine conflict, have softened safe-haven demand for gold and silver.

Conclusion

With global markets closely tracking US inflation data and investors shifting focus toward economic indicators, volatility in bullion prices is expected to continue in the near term. Buyers and investors are advised to stay alert as both domestic and international factors remain influential.