Gold & Silver prices in India: How precious metals are getting impacted

New Delhi: Amid the ongoing war between Iran, Israel, and the United States, the price of 24-carat gold in Delhi declined by Rs 7,000 to Rs 1,53,300 per 10 grams gold prices continue to fluctuate, the All India Sarafa Association stated. On the Multi Commodity Exchange (MCX), gold futures appreciated by 0.11%, an increase of Rs 165 to Rs 1,45,119 per 10 grams. In Delhi, Silver recorded a drop of Rs 17,800 to Rs 2,38,700 per kilogram. The white metal has settled at Rs 2,56,500 per kilogram on Thursday. On the Multi Commodity Exchange (MCX), silver futures dropped by 6.69%, a fall of Rs 16,605 to Rs 2,31,589 per kilogram.

Gold Price outlook

Gold traded below $4,700 per ounce after a sharp two-day selloff, heading for its worst weekly performance in six years. Elevated energy prices driven by Middle East tensions intensified inflation pressures, prompting investors to shift toward the dollar and Treasuries. The Federal Reserve held rates steady and indicated that rate cuts are unlikely until inflation shows clear easing, with expectations now pushed to 2027. Meanwhile, the ECB, BOJ, and BOE maintained policy rates but signaled a hawkish stance. Markets are currently pricing in two additional rate hikes each from the ECB and BOE, reducing gold’s attractiveness.

Gold Price today in Indian cities

Data Source: Good Returns

Silver Price Outllok

Silver traded above $73 per ounce but remained on track for a third straight weekly loss as rising energy prices linked to Middle East tensions intensified inflation fears. Investors shifted toward the dollar and Treasuries, pressuring precious metals. The Federal Reserve held rates steady and indicated cuts may be delayed until inflation clearly declines, with expectations now pushed to 2027. Meanwhile, the ECB, BOE, and BOJ also maintained rates but adopted hawkish tones. Markets are currently pricing in two additional rate hikes each from the ECB and BOE this year, reducing the appeal of non-yielding assets like silver.

Silver price in Indian cities today

Data taken from Good Returns

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