Gold Falls ₹1,600 To ₹1.52 Lakh Per 10 Grams As Strong Dollar, Crude Oil Surge Weigh On Bullion
New Delhi, September 24, 2026: Gold prices declined Rs 1,600 to Rs 1.52 lakh per 10 grams in the national capital on Thursday, extending the losing streak for the fourth consecutive session, as the rising US dollar and higher crude oil prices weighed on the precious metal. The yellow metal of 99.9 per cent purity depreciated by Rs 1,600 to Rs 1,52,400 per 10 grams, inclusive of all taxes, from…
New Delhi, September 24, 2026: The price of gold slipped by ₹1,600 to ₹1.52 lakh per 10 grams in the capital on Thursday, marking the fourth straight day of decline as the US dollar strengthened and crude oil prices surged. A 99.9% pure 10-gram gold bar dropped to ₹1,52,400 per 10 grams, including all taxes, from the previous day's close of ₹1.54 lakh per 10 grams, according to local traders.
Silver, which had been flat for two sessions, fell ₹5,000 to ₹2.37 lakh per kilogram. Analysts attributed the gold selloff to weak global trends, profit-taking, and domestic factors like the rupee's weakness against the US dollar. Rising crude oil prices added to the pressure on precious metals, sending Brent crude to $106 per barrel and raising concerns about inflation and central bank policies.
Geopolitical tensions, particularly in the Middle East, further weighed on the market, with Iran's stance and a cargo vessel attack in the Strait of Hormuz adding to uncertainty.
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