In the high-purity segment, 24-carat gold—the benchmark for investment grade—settled at ₹16,172 per gram, marking a subtle decline of ₹11 from the previous day’s closing of ₹16,183. For those purchasing in standard retail quantities, the 10-gram rate stood at ₹1,61,720, reflecting a total intraday correction of ₹110. This minor adjustment follows a month where prices successfully maintained a firm position above the critical ₹16,000 psychological support level, despite fluctuating global cues and safe-haven demand
The 22-carat gold category, primarily used for traditional jewelry, mirrored this downward movement. The price per gram was recorded at ₹14,825, down ₹10 from Thursday's rate of ₹14,835. Consequently, the 10-gram rate for 22-carat gold reached ₹1,48,250, representing a total decrease of ₹100. Even the 18-carat category, typically utilized for diamond-studded and contemporary lightweight jewelry, saw a reduction, with prices falling by ₹8 per gram to reach ₹12,133
Market analysts attribute this minor price retreat to a combination of localized profit-taking and a stabilization in international spot prices. While geopolitical tensions and uncertainty over trade policies continue to provide long-term support for precious metals, the current domestic trend suggests a brief period of "base-building." Local demand remains resilient due to the ongoing wedding season, though consumers appear to be adopting a more measured, staggered approach to buying rather than committing to lump-sum purchases at record peak levels.
As the financial year nears its final quarter, the Delhi gold market continues to serve as a benchmark for national trends. While today’s marginal dip offers slight relief to retail consumers, the overall monthly performance remains on a rising trajectory. Investors are now closely monitoring global macroeconomic data and currency fluctuations, which are expected to dictate the next major move for the yellow metal in the coming weeks
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