Gold Falls 20% in Two Days as Silver Price Plunges ₹5,000

Gold prices in Delhi plummeted to ₹1.47 lakh per 10 grams on Friday, marking a decline of ₹2,000 from the previous day's close. This marks the second consecutive session of losses for gold in the national capital.

The drop was attributed to weak buying interest and profit-taking by traders. Silver also saw heavy selling pressure, with prices slipping by ₹5,000 to ₹2,24,700 per kg.

Notably, despite the decline in domestic prices, precious metals traded higher in international markets. Spot gold rose marginally to USD 4,063.70 per ounce, while silver gained nearly 2 percent to USD 58.59 per ounce.