The downward trend extended to the jewelry-grade 22-carat gold segment, which remains the most sought-after category for retail consumers in Delhi. Prices for 22-carat gold fell by ₹400 per gram, bringing the current rate to ₹14,170. For those looking at bulk purchases, such as the 100-gram category, the cost plummeted to ₹14,17,000, reflecting a significant decrease of ₹48,000 compared to yesterday’s valuation. Market analysts suggest that such fluctuations often stem from a combination of cooling global demand, adjustments in currency exchange rates, and a tactical sell-off by investors looking to book profits after recent rallies.
Even the more affordable 18-carat gold segment was not immune to the market’s bearish turn. The rate for 18-carat gold stood at ₹11,597 per gram today, down from ₹11,973 yesterday. This shift resulted in a total reduction of ₹3,780 for a 10-gram purchase, bringing the price down to ₹1,15,970. While the sudden dip has sparked immediate interest among retail shoppers and wedding-season planners, administrative observers and market experts caution that the precious metal market remains sensitive to geopolitical developments and central bank policies, which could trigger further volatility in the coming sessions. This correction serves as a reminder of the inherent risks in the commodities market, even as it offers a strategic entry point for long-term investors.
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