Gold and silver prices fall amid strong dollar and inflation
after close1 source ↓written by the desknot a recommendation
- to about ₹1.51
- 5.03%
- to ₹2.36 lakh
- 12.26%
Gold and silver prices in India have declined for the second consecutive week, with gold down 5.03% to about ₹1.51 lakh per 10 grams and silver plunging 12.26% to ₹2.36 lakh per kilogram. This drop is attributed to a stronger dollar and rising US inflation expectations, overshadowing safe-haven demand amid geopolitical tensions. Analysts note that persistent inflation risks may keep US interest rates elevated, further pressuring bullion prices.
Not investment advice. For informational purposes only.