India gold falls ₹2,700 per 10g; silver drops ₹10,000 per kg
Indian bullion prices corrected sharply in Friday trading, with 99.9% gold falling to ₹1.56 lakh per 10g and silver to ₹2.35 lakh per kg, despite gains in global spot prices.
What happened
Indian bullion market · Indian bullion prices fell sharply on Friday, with 99.9% gold down ₹2,700 per 10g and silver down ₹10,000 per kg. The domestic
Key facts
- Gold (99.9% purity): down ₹2,700 to ₹1,55,900 per 10 grams
- Gold previous close: ₹1,58,600 per 10 grams
- Silver: down ₹10,000 to ₹2,34,600 per kg
- Silver previous close: ₹2,44,600 per kg
- Spot gold: up $49.82 (1.15%) to $4,366.58 per ounce
What changed
Indian bullion prices fell sharply on Friday, with 99.9% gold down ₹2,700 per 10g and silver down ₹10,000 per kg. The domestic correction followed local selling after a rally, despite gains in global spot precious-metal prices.
Why this matters
The sharp domestic bullion correction could stimulate jewelry footfall and conversion, but retailers should tighten inventory, pricing and hedge controls amid continued gold-silver volatility.
What to watch
- Whether domestic gold holds near or below ₹1.56 lakh per 10g for several trading sessions.
- Rupee movement versus the US dollar and changes in local bullion premiums relative to global spot prices.
- Weekend showroom footfall, advance bookings, old-gold exchange volumes and average ticket size at organised jewellery chains.
- Further global gold-price moves driven by US rate expectations, safe-haven demand and central-bank buying.
- Silver price stability, as continued declines may boost industrial and investment buying but signal broader commodity-risk aversion.