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Commodities

Gold Prices Plummet in Delhi Amid Weak Global Trends

Guavy AI Editorial Team
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Gold prices in Delhi plummeted by Rs 1,500 to Rs 1.54 lakh per 10 grams on Tuesday due to weak global trends and a strong US dollar.

The price of gold, which is 99.9 percent pure, dropped to Rs 1,54,900 per 10 grams, inclusive of all taxes, from Monday's closing level of Rs 1,56,400 per 10 grams, according to local traders.

Silver prices remained unchanged at Rs 2.42 lakh per kilogram.

The decline in gold prices is attributed to hawkish remarks from Federal Reserve officials and a strong US dollar exerting downward pressure on precious metals, said Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities.

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