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Gold prices fell below Rs 79,000 per 10 grams in the national capital, dropping by Rs 150 to Rs 78,850 due to reduced demand from stockists and retailers amid weak global trends. The price of 99.5% purity gold also declined for the third consecutive day, now at Rs 78,450 per 10 grams. In contrast, silver saw a rise of Rs 100, reaching Rs 92,500 per kg.
Gold and silver prices have reached new all-time highs in the national capital, driven by strong demand during the wedding season. Gold surged to Rs 81,500 per 10 grams, while silver climbed to Rs 1.02 lakh per kg, reflecting a Rs 10,000 increase in silver over the last six trading sessions. Factors such as seasonal demand, geopolitical tensions, and expectations of US rate cuts have contributed to this bullish trend in the bullion market.
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