Delhi Gold Markets Witness Sharp Downturn as Bullion Prices Retreat from Recent Highs

For the highest purity 24-carat gold, the price per gram settled at ₹15,593, marking a decline of ₹262 from yesterday’s closing of ₹15,855. This trend was mirrored across larger quantities; a standard 10-gram bar is now retailing at ₹1,55,930, down by ₹2,620. The most substantial movement was observed in the 100-gram category, which saw a significant price drop of ₹26,200, bringing the total cost to ₹15,59,300. These figures represent a sharp reversal for investors who had been navigating a bullish market over the previous sessions.

The 22-carat segment, which traditionally drives the majority of jewelry retail sales in Delhi, similarly faced a contraction. The price for a single gram of 22-carat gold fell to ₹14,295, a drop of ₹240 from the previous day’s rate of ₹14,535. Consequently, 8-gram sovereign pieces are priced at ₹1,14,360, while the 10-gram rate adjusted to ₹1,42,950, reflecting a decrease of ₹2,400. For bulk buyers, the 100-gram price point shifted to ₹14,29,500, shedding ₹24,000 from the prior day’s valuation.

Even the 18-carat gold market, often favored for budget-conscious and contemporary jewelry designs, was not immune to the bearish trend. The price per gram lowered to ₹11,699 from yesterday’s ₹11,895, a change of ₹196. While the 10-gram rate for 18-carat gold saw a specialized adjustment to ₹1,18,990, the broader 100-gram market experienced a contraction of ₹10,800, bringing the current rate to ₹11,89,900. These adjustments are being closely monitored by local jewelers and consumers alike, particularly as the wedding and festive seasons continue to influence purchasing power and market sentiment in the region.

This downward trajectory in Delhi’s gold rates highlights the inherent volatility of the precious metals market in 2026. While such a dip may encourage a surge in immediate retail purchases, it also signals a period of cautious observation for long-term investors. As the market stabilizes, the focus remains on whether this correction is a temporary fluctuation or the beginning of a sustained stabilization of gold prices in the face of evolving macroeconomic conditions.