Gold prices fell sharply for the second consecutive session, dropping Rs 1,250 to Rs 78,150 per 10 grams, influenced by a strengthening dollar and reduced geopolitical tensions. Silver also declined, down Rs 1,100 to Rs 90,600 per kg. Analysts noted that market volatility is expected as participants assess ongoing global developments.
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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