Commodities
Gold Prices in Delhi Stabilize After Recent Correction
Gold prices in Delhi remained relatively stable on July 30, with a minor decline of ₹1 per gram for 24K gold. The price slipped to ₹14,365 per gram, while 22K and 18K gold eased by ₹1 to ₹13,169 and ₹10,777 per gram respectively.
The market may be entering a phase of consolidation after a series of sharper corrections over the past week. This is indicated by the muted move on Thursday, with prices remaining well below last week's highs.
Investors who prefer market-linked exposure can explore Gold ETFs in India, while those waiting for softer prices have benefited from the recent correction. However, traders remain cautious about the next direction in bullion.