Gold Crashes Rs 2,600 To Rs 1.5 Lakh, Silver Sinks Rs 5,000 Amid Global Selloff
New Delhi: Gold prices suffered a steep fall in the national capital on Monday, September 28, dropping Rs 2,600 to Rs 1.50 lakh per 10 grams as a stronger US dollar and a sharp global precious-metals selloff weighed on sentiment. Gold of 99.9 per cent purity had settled at Rs 1,52,600 per 10 grams in the previous trading session. Silver Slides Silver witnessed an even sharper correction, tumbling…
New Delhi witnessed a significant plunge in gold and silver prices on Monday, September 28, as global markets experienced a selloff. Gold prices fell by Rs 2,600 to Rs 1.50 lakh per 10 grams, while silver prices plummeted by Rs 5,000 to Rs 2.32 lakh per kilogram. The weaker US dollar and heightened geopolitical tensions, particularly involving the US and Iran, contributed to the downward pressure on precious metals.
Analysts noted that the US dollar's firmness continued to exert pressure on gold and silver prices, leading to a sharp decline in their value.
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