Gold rises ₹1,200; silver gains ₹7,400 in Delhi ahead of Fed decision
Gold of 99.9% purity rose to ₹1.56 lakh per 10 grams in Delhi, while silver climbed to ₹2.42 lakh per kg, driven by bargain buying, softer crude and lower US Treasury yields. The move could weigh on near-term jewellery purchase affordability.
What happened
retail-company · Indian gold prices rose ₹1,200 to ₹1.55 lakh per 10 grams and silver gained ₹7,400 to ₹2.42 lakh per kg on bargain buying, softer crude oil and
Key facts
- Gold (99.9% purity): ₹1,55,600 per 10 grams, up ₹1,200 from ₹1,54,400
- Silver: ₹2.42 lakh per kg, up ₹7,400 from ₹2,34,600
- Spot gold: $4,348.10 per ounce, up $53.96 or 1.3%
- Spot silver: $64.61 per ounce, up 1.5%
- Expected US Federal Reserve rate hike: 25 basis points
What changed
Indian gold prices rose ₹1,200 to ₹1.55 lakh per 10 grams and silver gained ₹7,400 to ₹2.42 lakh per kg on bargain buying, softer crude oil and lower US Treasury yields ahead of the Federal Reserve decision.
Why this matters
Rising gold and silver prices could pressure near-term jewellery demand and require tighter pricing, inventory and promotional management ahead of the Fed decision.
What to watch
- US Federal Reserve decision, rate guidance and resulting moves in Treasury yields and the US dollar.
- Whether domestic gold sustains levels near ₹1.56 lakh per 10 grams or retraces after the policy event.
- Silver price volatility near ₹2.42 lakh per kg, which could affect both investment demand and jewellery affordability.
- Weekly organized-jeweller footfall, average selling price, grams sold and old-gold exchange mix.
- Import-duty, rupee-dollar and crude-oil moves that alter domestic bullion pricing.