{
  "id": 772044,
  "title": "Gold Prices Fall ₹2,800 To ₹1.57 Lakh Per 10 Grams In Delhi After Seven-Session Rally",
  "url": "https://urgent.news/2026/08/13/gold-prices-fall-2-800-to-1-57-lakh-per-10-grams-in-delhi-after-seven",
  "topic": "world",
  "section": "World",
  "published": "2026-08-13T14:01:44.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/gold-prices-fall-2800-to-157-lakh-per-10-grams-in-delhi-after-seven-session-rally"
  },
  "original_language": "en",
  "account": "Delhi witnessed a decline in gold prices on Thursday, marking the end of a seven-day rally. The yellow metal saw its price drop by Rs 2,800, settling at Rs 1,57,000 per 10 grams in the national capital. This profit-taking came after a recent surge, with traders cashing in on their gains. Silver also experienced a decline, decreasing by Rs 6,000 to reach Rs 2,40,000 per kilogram, including all taxes. The All India Sarafa Association reported that silver's price had settled at Rs 2,46,000 per kg in the previous session.\n\nJateen Trivedi, VP Research Analyst at LKP Securities, explained that the retreat in gold prices was a result of the softer-than-expected US inflation data, which had already been priced into the bullion during the recent rally. Similarly, the decline in gold prices was echoed in international markets, with spot gold trading at USD 4,389.67 per ounce, marginally lower than its previous session. Praveen Singh, Head of Commodities at Mirae Asset ShareKhan, noted that traders had booked profits as the awaited US July Consumer Price Index (CPI) data came in line with expectations.\n\nAs investors shifted their focus towards the US producer price index (PPI), Saumil Gandhi, Senior Analyst at HDFC Securities, predicted that a lower PPI reading could strengthen hopes for a more relaxed approach from the Federal Reserve, potentially boosting prices for precious metals. Conversely, a higher-than-expected PPI result could raise concerns about ongoing inflation, leading to further selling of precious metals.",
  "summary": "New Delhi, Aug 13: Gold snapped a seven-session rally on Thursday, with prices declining by Rs 2,800 to Rs 1,57,000 per 10 grams in the national capital as traders booked profits after a recent surge. The yellow metal of 99.9 per cent purity had closed at Rs 1,59,800 per 10 grams on Wednesday. Silver also bore the brunt of the sell-off, tumbling Rs 6,000 to Rs 2,40,000 per kilogram (inclusive of…",
  "key_points": [
    "Gold prices in Delhi fell by ₹2,800 to ₹1.57 lakh per 10 grams",
    "Seven-session rally ends with profit-taking by traders",
    "Silver prices declined by ₹6,000 to ₹2.40 lakh per kilogram"
  ],
  "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."
}