Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Gold Prices Plummet in India Amid Profit Booking and Strengthening Dollar

Guavy AI Editorial Team
Instruments
Gold
Share

Gold prices in India plummeted by Rs 600 to Rs 1.66 lakh per 10 grams on Wednesday, marking the end of a four-day rally. The decline came amid weak trends in international markets and profit booking among traders.

Akshat Siddhant, Lead Quant Analyst at investment platform Mudrex, attributed the drop in gold prices to a strengthening US dollar ahead of the US Personal Consumption Expenditures (PCE) inflation report.

In global markets, spot gold fell USD 39.66, or nearly 1%, to USD 4,619.21 per ounce, while silver dropped marginally to USD 68.50 per ounce.

More on Commodities

Commodities 5m ago

Silver Purity Standards Vary by Intended Use: Fine, Sterling, or Britannia

Commodities 6m ago

Silver Prices Tumble as USD Strengthens and Bond Yields Rise

Commodities 7m ago

Gold Price Forecast: $2,600 by Year-End, Silver to Hit $90

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy