Overview
- Gold has fallen for five straight sessions in India, with Mumbai’s 24-carat benchmark at Rs97,030 per 10 grams.
- 24-carat gold rates ranged from Rs95,610 in Delhi to Rs96,050 in Chennai, reflecting modest regional divergence.
- International spot gold slipped 0.5% to $3,300.59 an ounce as the US dollar strengthened.
- Silver dropped by Rs100 to Rs99,800 per kilogram in Mumbai.
- Analysts remain bullish, projecting a rise to around Rs1,10,000 per 10 grams within a year on sustained safe-haven demand and possible US rate cuts.