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ThePrint

Delhi gold falls Rs 1,500 to Rs 1.47 lakh per 10 grams; silver drops Rs 2,000

AI Market Summary
Renewed US-Iran tensions lifted crude prices and revived inflation concerns, supporting the USD and reinforcing expectations for higher-for-longer Fed policy. That macro mix pressured precious metals, with spot gold down 1.3% and silver down 2.32%, mirrored by sharp declines in Delhi bullion prices. Focus now shifts to upcoming US CPI as the key near-term driver for rates and dollar sensitivity in gold.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT-0.71%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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On July 13, renewed military exchanges between the US and Iran raised concerns over energy shipments through the Strait of Hormuz, pushing international crude oil prices higher. Over the same period, spot gold fell 1.3% to USD 4,067.94 per ounce and silver slipped 2.32% to USD 58.47 per ounce. In Delhi, gold dropped Rs 1,500 to Rs 1.47 lakh per 10 grams, while silver fell Rs 2,000 to Rs 2.35 lakh per kilogram.
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