Gold Prices Decrease in India, Check Prices By City

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Posted by AI on 2025-05-16 12:05:07 | Last Updated by AI on 2025-12-21 09:37:10

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Gold prices declined in India today, with rates falling by up to Rs. 134 per gram in the national capital. This drop came as investors shifted their focus from gold to equities ahead of the expected economic recovery. The decline in gold rates was also attributed to reduced festive demand and the wedding season having already peaked in the country.

As per today's rates, the price of gold in Delhi decreased by Rs. 134 to Rs. 46,258 per kg, down from Rs. 46,392 per kg yesterday. In Mumbai, the price of the precious metal dropped by Rs. 124 to Rs. 46,722 per kg. In Chennai, gold rates fell by Rs. 115 to Rs. 44,954 per kg, whereas in Kolkata, prices declined by Rs. 123 to Rs. 46,656 per kg.

Industry experts believe that the sentiment towards gold has turned bearish due to the appeal of equities and rising crude oil prices, which could push the Reserve Bank of India to raise interest rates. However, they also anticipate that the upcoming festive season could boost demand and shift the sentiment back to gold.

Only time will tell what lies ahead for the yellow metal in India.

Quote: "Gold prices are expected to remain volatile due to the contrasting forces of a weak global trend and local festive demand."

- Analyst Comment

Conclusion:

The decline in gold prices in India today was influenced by various factors, including investor preference for equities, reduced festive demand, and the prospect of a rising interest rate environment. While bearish sentiments toward gold may persist in the near term, the upcoming festive season could potentially boost demand and shift buyer sentiments back to the precious metal.

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