Gold Slips ₹900 in Delhi Bullion Market to Settle at ₹1.54 Lakh Gold prices fell for the third straight trading session in Delhi, dropping ₹900 to ₹1.54 lakh per 10 grams on firm dollar and profit-booking, while silver stayed flat at ₹2.42 lakh per kg. Gold prices witnessed a decline for the third straight trading session as weak global cues weighed on bullion trade. In the Delhi bullion market on Wednesday, the precious metal slipped by ₹900 to settle at ₹1.54 lakh per 10 grams. A day earlier on Tuesday, gold of 99.9 percent purity stood at ₹1,54,900 per 10 grams. Following this retreat, 22-carat gold was quoted at ₹1,41,888 per 10 grams, while 18-carat gold stood at ₹1,16,175 per 10 grams. Silver, on the other hand, held steady for the second consecutive day, holding unchanged at ₹2.42 lakh per kilogram. Firmer Dollar Index and Global Selling Trigger Retreat The downward momentum in bullion was largely driven by subdued trends overseas and an appreciating greenback. The dollar index moved up to trade around 100.85, prompting investors to cash in profits after bullion touched lofty price territory. This profit-taking placed heavy downward pressure on spot quotes across trading floors. In the international spot market, gold prices shed roughly 1 percent to touch 4,317.09 dollars per ounce. Concurrently, overseas silver faced even steeper headwinds, sliding around 3 percent to trade at 65.17 dollars per ounce. US Federal Reserve Policy Signals Cloud Sentiment Hawkish remarks from US Federal Reserve officials regarding tighter monetary policy have bolstered market expectations for elevated interest rates. Higher interest rates typically diminish the appeal of non-yielding bullion assets, leading investors to favor cash yields and bonds over precious metals. The renewed prospect of persistent rate hardening provided immediate impetus for traders to trim exposure, compounding pressure across domestic retail desks. Sixty Percent Annual Surge Alters Consumer Buying Patterns Despite the three-day slide, gold remains substantially costlier than it was twelve months ago. Domestic retail prices climbed from roughly ₹98,000 per 10 grams to near ₹1.57 lakh per 10 grams over the past year, registering an increase of nearly 60 percent. A sustained rally in international markets, depreciation in the Indian rupee, and an import duty hike introduced in April drove this massive annual surge. These elevated price tags have steadily reshaped retail jewellery buying habits. Consumers are visibly moving away from heavy traditional ornaments, opting instead for lightweight designs, exchange of old household gold, gold coins, digital gold, and ETF products. What this means for you The three-day drop in domestic gold prices offers modest immediate respite for retail jewellery shoppers and bullion buyers. • For Jewellery Shoppers: The retail price of 24-carat gold dropped by ₹900 to settle at ₹1.54 lakh per 10 grams. Wedding and festive buyers can purchase 22-carat gold jewellery at a slightly discounted rate compared to earlier in the week. • For Silver Buyers: Domestic silver prices held completely steady at ₹2.42 lakh per kilogram for the second straight session. Those looking to purchase silverware or traditional coins will encounter stable pricing for now. • For Retail Investors: Heavy profit-booking and dollar strength are driving a temporary price correction in bullion. Systematic investors in sovereign bonds, gold ETFs, or digital gold can use dips to accumulate metal. • For Household Sellers: Domestic prices are still up roughly 60 percent compared to last year. Households exchanging vintage or unused gold jewelry will continue to receive near-record trade-in valuations. Why this happened The downturn in bullion prices was triggered by dollar index strength, overseas profit-taking, and hawkish signals from monetary authorities. • Dollar Index Surge: The dollar index advanced to near 100.85 during recent global trading hours. A rising dollar makes dollar-priced bullion more expensive for foreign currency holders, softening overseas physical demand. • High-Level Profit-Taking: Investors actively liquidated positions following a historic bullion rally. Spot gold dropped nearly 1 percent to 4,317.09 dollars an ounce, while global silver retreated roughly 3 percent to 65.17 dollars. • Hawkish US Federal Reserve Stance: Monetary officials indicated that strict interest rate policies may persist. Higher benchmark interest rates enhance yields on fixed-income assets, drawing capital away from non-yielding commodities like gold. Questions & Answers 1. What is the latest rate for 24-carat gold in Delhi? After slipping by ₹900, 24-carat gold settled at ₹1.54 lakh per 10 grams in the Delhi bullion market. 2. What were the prevailing rates for 22-carat and 18-carat gold? The price of 22-carat gold stood at ₹1,41,888 per 10 grams, while 18-carat gold traded at ₹1,16,175 per 10 grams. 3. Did silver prices witness any price revision? Silver remained flat for the second consecutive session, holding firm at ₹2.42 lakh per kilogram. 4. How did gold and silver perform in overseas trade? Spot gold slipped roughly 1 percent to 4,317.09 dollars per ounce, while global silver dropped around 3 percent to 65.17 dollars per ounce. 5. By how much has domestic gold appreciated over the past year? Domestic gold prices rose from around ₹98,000 to nearly ₹1.57 lakh per 10 grams over the year, recording nearly a 60 percent surge. 6. What triggered the recent price drop in the bullion market? A stronger dollar index at 100.85, profit-booking by traders, and US Federal Reserve policy tightening signals led to the drop. https://trendkia.com/en/business/delhi-sarrapha-men-900-phisala-gold-24-kaireta-1-54-lakha-para-aya-37213 TrendKia — Har trend, sabse pehle.