Gold falls ₹960 to ₹1.53 Lakh/10g, Silver drops sharply as equities strengthen and rupee gains

Gold prices declined for the third consecutive session on Thursday, falling by ₹960 to ₹1.53 lakh per 10 grams in the national capital, while silver witnessed a steep drop of ₹6,660 per kilogram amid weakening safe-haven demand and firm equity markets.

According to the All India Sarafa Association, gold of 99.9 per cent purity slipped to ₹1,53,440 per 10 grams (inclusive of taxes), compared to the previous close of ₹1,54,400. Silver also fell sharply to ₹2,48,740 per kilogram from ₹2,55,400 in the previous session.

Market analysts said bullion prices came under pressure due to gains in domestic equities and an appreciating rupee against the US dollar, prompting investors to shift away from safe-haven assets. Global cues, however, showed a marginal recovery in precious metals.

Experts noted that recent comments from US Federal Reserve officials, including signals of potential policy tightening depending on economic conditions, strengthened the dollar and added further pressure on bullion prices.

On the global front, spot gold and silver recorded slight gains, supported by easing geopolitical tensions following progress toward a US-Iran interim understanding aimed at reducing hostilities and improving regional stability.

Analysts said bullion trends will continue to be influenced by monetary policy expectations, currency movements, and geopolitical developments in the coming sessions.