{
  "id": 5096249,
  "title": "Gold price falls ₹2,100 to ₹1.56 lakh/10g, drops for 6th straight day. Here’s why",
  "url": "https://urgent.news/2026/09/02/gold-price-falls-2-100-to-1-56-lakh-10g-drops-for-6th-straight-day",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T13:26:18.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/gold/gold-price-falls-2100-to-156-lakh10g-drops-for-6th-straight-day-heres-why/article71419783.ece"
  },
  "original_language": "en",
  "account": "Gold prices fell ₹2,100 to ₹1.56 lakh per 10 grams in New Delhi on Wednesday, marking their sixth consecutive day of decline in the global markets. The 99.9% pure metal experienced a dip to a three-week low of ₹1,56,100 per 10 grams, down from ₹1,58,200 the previous trading day. Over the past six trading sessions, gold has lost ₹11,000, falling to its lowest level since August 14, when it was quoted at ₹1,56,200 per 10 grams. Senior analyst Saumil Gandhi reported heavy selling pressure for precious metals, with spot gold hitting a three-week low. Silver also dropped for a second consecutive day, reaching a two-week low of ₹2,35,500 per kilogram. The conflict in West Asia has contributed to rising oil prices, inflation, and rate hike fears, negatively impacting silver. In international markets, gold rose by 0.58% to $4,303.12 per ounce, while silver fell by nearly 1% to $63.64 per ounce. Rate-hike concerns, along with higher oil prices and hawkish remarks from Federal Reserve Chair Kevin Warsh, have influenced gold prices. Global gold-backed exchange-traded funds experienced net outflows after seven consecutive days of inflows as investors await US labor market data for clues on the Federal Reserve's next move.",
  "summary": "Gold has lost ₹11,000 in the past six trading sessions from ₹1,67,100 recorded on August 25",
  "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."
}