{
  "id": 3737864,
  "title": "Gold Falls ₹800 To ₹1.65 Lakh Ahead Of Rakshabandhan, Silver Holds Firm At ₹2.50 Lakh",
  "url": "https://urgent.news/2026/08/27/gold-falls-800-to-1-65-lakh-ahead-of-rakshabandhan-silver-holds-firm",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T12:50:13.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/gold-falls-800-to-165-lakh-ahead-of-rakshabandhan-silver-holds-firm-at-250-lakh"
  },
  "original_language": "en",
  "account": "Delhi witnessed a decline in gold prices by ₹800 to ₹1,65,700 per 10 grams on Thursday, occurring ahead of Rakshabandhan. The 99.9 percent purity metal had settled at ₹1,66,500 per 10 grams on Wednesday, losing ₹1,400 across two sessions after peaking at ₹1,67,100 on Tuesday. Meanwhile, silver remained steady at ₹2,50,500 per kilogram, including taxes, per local dealers' reports. This drop in gold prices came as families traditionally increase spending on jewelry and gifts during Rakshabandhan, a festival where brothers and sisters exchange presents. The weakening of gold and silver ornaments is a key component of such gifts. Gold faced pressure due to the US dollar and Treasury bond yields strengthening following robust US inflation data, which boosted investor confidence. The stronger dollar made bullion costlier for buyers holding foreign currencies, while higher yields reduced the appeal of non-interest-bearing gold. Global spot gold edged lower to USD 4,585.88 per ounce. Market experts speculated that the inflation reading had heightened the likelihood of a potential interest-rate hike by the US Federal Reserve. Investors are eagerly awaiting Federal Reserve Chair Kevin Warsh's address at the Jackson Hole event on Friday, where insights into the central bank's stance on inflation and borrowing costs could significantly impact the dollar, Treasury yields, and precious-metal prices. Silver demonstrated resilience, gaining 0.31 percent to USD 68.32 per ounce, as investors continued to seek safe-haven assets. In India, silver stabilized after a previous period of selling. Meanwhile, crude oil continued to face pressure as the prospect of the Strait of Hormuz reopening increased. Gold prices surged for a fifth consecutive session to ₹1.56 lakh per 10 grams as the weakening rupee lifted bullion rates. Markets kept a close eye on the US July advance trade balance and weekly employment data for further clues about economic conditions and monetary policy. These releases, along with the Jackson Hole speech, were expected to influence the future trajectory of bullion, the dollar, and government bond yields.",
  "summary": "New Delhi: Gold prices extended their decline for a second consecutive session on Thursday, falling Rs 800 to Rs 1,65,700 per 10 grams in Delhi, one day before Rakshabandhan. Domestic gold weakens The precious metal of 99.9 percent purity had settled at Rs 1,66,500 per 10 grams on Wednesday. It has now lost Rs 1,400 across two sessions after touching Rs 1,67,100 on Tuesday. Silver, however,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}