India Gold Prices Decline Again
New Delhi: Gold rates in India remained under pressure, marking the third consecutive day of decline. The downturn reflects weakening investor demand and improved global risk sentiment, which has reduced the appeal of safe-haven assets like gold.
In the domestic market, 24 karat gold prices dropped by Rs 54 per gram to Rs 15,475, compared to Rs 15,529 in the previous session. Bulk prices mirrored this trend, with 10 grams priced at Rs 1,54,750, while the 100 grams fell to Rs 15,47,500 down significantly over the past three days.
Similarly, 22 karat gold saw a decline of Rs 50 per gram, bringing the price to Rs 14,185. Larger quantities followed suit, with 10 grams priced at Rs 1,41,850 and 100 grams at Rs 14,18,500.
The 18-karat segment also recorded losses, slipping by Rs 41 per gram to Rs 11,606. Prices for 10 grams stood at Rs 1,16,060, while 100 grams dropped to Rs 11,60,600.
Delhi weather alert: Surging temperatures signal tough week ahead
MCX futures show mild recovery
Despite the weakness in retail prices, gold futures on the Multi Commodity Exchange (MCX) showed some resilience. The June 2026 contract for 10 grams traded around Rs 1,53,335, gaining Rs 721 or 0.48% during the session.
The contract opened at approximately Rs 1,52,200 and fluctuated between Rs 1,51,671 and Rs 1,53,699, indicating volatility in late-evening trade. This divergence between futures and retail prices highlights the influence of global cues on domestic pricing.
Global trends offer mixed signals
Internationally, gold prices rebounded after recent losses, with spot gold rising above $4,750 per ounce. The recovery was supported by easing geopolitical tensions, particularly following an extension of a ceasefire arrangement between the United States and Iran.
However, the failure of planned peace negotiations capped further gains, keeping the global outlook uncertain.
Outlook: Stability amid uncertainty
Market experts suggest that the gold continues to retain its status as a stable hedge against inflation and geopolitical risks. While rising real yields had previously pressured prices, the pace of increase has slowed, offering some support.
At the same time, ongoing central bank purchases especially in Asian markets are expected to provide a cushion against sharp declines.
Why are markets falling today? Nifty slips, Sensex sees big sell-off
