Leading the decline, 24-carat gold—often considered the benchmark for pure investment—fell to ₹15,659 per gram, down from the previous day's high of ₹15,790. This ₹131 per gram contraction translated into a substantial movement for bulk traders, with the price for 100 grams of 24-carat bullion sliding by ₹13,100 to settle at ₹15,65,000. While the 10-gram denomination showed a slight statistical variance in the closing sheets at ₹1,58,590, the overarching trend remained firmly in the red, signaling a corrective phase that market analysts are watching closely for signs of long-term stabilization.
The jewelry-grade 22-carat segment followed a similar trajectory, mirroring the bearish sentiment. Prices for 22-carat gold dropped to ₹14,355 per gram, representing a ₹120 decrease from the prior session. For those purchasing the standard 8-gram "sovereign," the cost adjusted to ₹1,14,840, while the 100-gram valuation fell by a significant ₹12,000 to reach ₹14,35,500. Even the 18-carat category, typically favored for contemporary diamond-studded pieces, saw its value pared back to ₹11,748 per gram. Despite minor fluctuations in the reported change metrics for lower weights, the broader 100-gram block for 18-carat gold dropped by nearly ₹10,000, confirming that the sell-off was felt across the entire purity spectrum.
This current retraction in the Delhi market serves as a critical indicator for both institutional investors and household consumers. While such price dips are often triggered by a strengthening currency or shifts in international trade policy, the immediate impact in the capital is a renewed interest from buyers who had been sidelined by peak pricing. As the market settles into these new levels, the focus remains on whether this correction will trigger a sustained buying spree or if further administrative and global factors will continue to weigh down the luster of the yellow metal in the coming days.
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