Gold drops Rs 1,400 to Rs 1.53 lakh/10g as strong rupee dampens sentiment
A firm US dollar and selling pressure pushed MCX December gold futures lower, while spot gold also eased in overseas trade, Reuters reported.
- Gold prices in India stood at Rs 14,766 per gram for 24K gold on Friday, reflecting an increase of Rs 22 from the previous session amid regional market volatility.
- Houthi forces targeted Saudi oil infrastructure following a warning designating facilities as "legitimate targets," striking an Aramco building in Dhahran and sparking a minor fire with no reported injuries.
- December silver futures fell 1.81% to Rs 2,18,850 per kg from Rs 2,22,877, while MCX December gold futures declined 0.85% to Rs 1,48,274 per 10 grams, signaling broad selling pressure.
- President Donald Trump announced an "effective" US Navy blockade halting Iranian maritime traffic through the Strait of Hormuz, while Yemeni forces reported conducting over 2,750 strikes in 24 hours, neutralizing more than 1,400 Houthi fighters.
- Israeli forces conducted 280 military incursions into Syrian territory during September, marking a peak for 2026; meanwhile, violence in the West Bank escalated as attackers assaulted Palestinians and burned olive groves.
32 Articles
32 Articles
The price of silver, which hit a record high of $121 per ounce in January, has fallen by approximately 50 percent, dropping to $58.50, due to high bond yields, a strong dollar, and concerns about industrial demand.
Gold drops Rs 1,400 to Rs 1.53 lakh/10g as strong rupee dampens sentiment
New Delhi, Oct 12: Gold prices fell Rs 1,400 to Rs 1.53 lakh per 10 grams in the national capital on Monday as a stronger rupee and weakness in global markets pressured domestic bullion rates. The 99.9 per cent pure metal had closed at Rs 1,54,400 per 10 grams on Friday. Silver prices also declined Rs 2,000 to Rs 2,26,500 per kilogram, inclusive of all taxes, from the previous close of Rs 2,28,500 per kg, according to the All India Sarafa Associ…
Gold and silver prices fell significantly as soon as the market opened on Monday. Gold prices fell on the Multi Commodity Exchange, while silver prices fell by ₹1.95 lakh per kg from their highs.
Gold, silver prices today, 12 October: Check retail rates of 24K, 22K gold, 999 silver in Delhi, Mumbai and Kolkata
Gold and silver prices today, 12 October: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.
Coverage Details
Bias Distribution
- 45% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
