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Gold Prices in India Slip for Fifth Straight Day, Silver Dips

Pressure from a firm dollar has driven bullion lower after its April peak.

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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.