# Bullion Market Slips as Silver Plunges by Rs 5,730 and Gold Drops Rs 800 in Delhi

> Gold prices dropped by Rs 800 to Rs 1,58,000 per 10 grams in Delhi on August 19, 2026, while silver plunged Rs 5,730 to settle at Rs 2,35,000 per kg amid high crude oil prices and global uncertainty.

**Type:** article · **Category:** Market · **Published:** 2026-08-19 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/market/delhi-sarafa-market-men-bhari-bikavali-se-chandi-5-730-lurhaki-sone-ke-dama-men-bhi-800-ki-giravata-18483 · **Language:** English
**Tags:** Gold Silver Rate, Bullion Market, Gold Price Today, Silver Price Crash, Crude Oil Impact, Federal Reserve, Delhi Sarafa Market

The multi-day rally in gold and silver prices came to a sudden halt on August 19, 2026, as heavy profit-booking swept through the bullion market. In the national capital, gold prices retreated by Rs 800 per 10 grams in the Delhi bullion market, while silver experienced a steep crash of Rs 5,730 per kilogram. The sharp decline in precious metal prices was largely triggered by a surge in crude oil costs and ongoing geopolitical uncertainties, which dampened risk sentiment and prompted investors to lock in profits.

## Gold Retracts After Tuesday's Sharp Surge
Data released by the All India Sarafa Association revealed that 99.9 percent purity gold closed Rs 800 lower at Rs 1,58,000 per 10 grams in Delhi on Wednesday. This downward adjustment follows two consecutive trading sessions of significant gains. On Monday, gold had advanced by Rs 600, followed by a massive surge of Rs 2,000 on Tuesday that drove prices to a peak of Rs 1,58,800 per 10 grams. Wednesday's price reduction provided immediate relief to retail buyers after the recent rapid escalation in prices.

## Silver Plunges Rs 5,730 Amid Heavy Selling
Silver, which had been trading within a narrow range over recent sessions, witnessed intense selling pressure on Wednesday. The industrial metal tumbled by Rs 5,730 to settle at Rs 2,35,000 per kilogram in the Delhi market. The decline wiped out previous gains, including Tuesday's modest rise of Rs 730 when silver had settled at Rs 2,40,730 per kilogram. According to market trackers from the Sarafa Association, aggressive selling by traders led directly to this single-day correction.

## Crude Oil Spikes and Geopolitical Friction Drive Weakness
Analysing the market dynamics, Jatin Trivedi, Vice President Research Analyst for Commodity and Currency at LKP Securities, noted that elevated crude oil prices and the expiration of the US-Iran ceasefire deadline without fresh diplomatic dialogue created significant headwinds for gold. The sharp rise in crude oil prices has intensified global inflationary concerns and sparked macroeconomic anxieties. Simultaneously, the lack of new talks between the United States and Iran has compelled market participants to adopt a highly cautious stance.

## Federal Reserve Signals Awaited by Global Investors
Gaurav Garg, Research Head at Lemon Markets Desk, highlighted that precious metals remain under persistent pressure as market participants await the release of Federal Reserve meeting minutes for clues on monetary policy and interest rate trajectories. Meanwhile, international markets reflected mixed sentiment on Wednesday. Spot gold edged up by approximately 1 percent to trade at $4,361.76 per ounce, whereas spot silver held flat at $63.33 per ounce.

## What this means for you
**For Jewellery Buyers:** The drop in gold and silver rates brings temporary relief to consumers planning purchases ahead of the festive and wedding season.

**For Investors:** Elevated crude oil prices and upcoming Federal Reserve cues signal continued short-term volatility in bullion markets.

## Questions & Answers

### 1. What was the price of gold in Delhi on August 19, 2026?
On Wednesday, 99.9 percent purity gold dropped by Rs 800 to close at Rs 1,58,000 per 10 grams in the Delhi bullion market.

### 2. How much did silver prices decline?
Silver prices experienced a sharp crash of Rs 5,730 per kilogram due to heavy selling, settling at Rs 2,35,000 per kg.

### 3. What caused the sudden drop in bullion prices?
The retreat was triggered by surging crude oil prices, geopolitical friction after US-Iran talks stalled, and investor caution ahead of Federal Reserve policy minutes.

### 4. What were the prevailing international spot rates for gold and silver?
In global markets, spot gold gained nearly 1 percent to $4,361.76 per ounce, while spot silver remained steady at $63.33 per ounce.

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