Gold Price Today: A huge drop was seen in the prices of gold and silver in Delhi's bullion market on Thursday. Gold of 99.9% purity fell by Rs 800 to Rs 78,300 per 10 grams. This decline was recorded against Wednesday's Rs 79,100 per 10 grams. The price of silver also saw a huge drop of Rs 2,000, and it fell from Rs 92,000 per kg to Rs 90,000 per kg.

The role of the global market

Weak global sentiment and the statement of the US Central Bank (Federal Reserve) fueled this decline. Federal Reserve chief Jerome Powell indicated a reduction in interest rates by only half a percent by the end of 2025. This shattered the market's expectations, as earlier the estimate was for a one percent cut in 

Gold Price Today: A huge drop was seen in the prices of gold and silver in Delhi's bullion market on Thursday. Gold of 99.9% purity fell by Rs 800 to Rs 78,300 per 10 grams. This decline was recorded against Wednesday's Rs 79,100 per 10 grams. The price of silver also saw a huge drop of Rs 2,000, and it fell from Rs 92,000 per kg to Rs 90,000 per kg.

The role of the global market

Weak global sentiment and the statement of the US Central Bank (Federal Reserve) fueled this decline. Federal Reserve chief Jerome Powell indicated a reduction in interest rates by only half a percent by the end of 2025. This shattered the market's expectations, as earlier the estimate was for a one percent cut in interest rates.

Sluggish demand for jewellery retailers

Weak global sentiment as well as sluggish demand from jewelers also led to the decline. According to the All India Sarafa Association, the price of gold of 99.5% purity also fell by Rs 800 to Rs 77,900 per 10 grams.

Decline in international markets

A decline was also seen in the international market. Gold futures on Comex fell by $19.10 to $2,634.10 an ounce. At the same time, silver fell by 2.47% to $29.98 an ounce.

Right time to invest?

The fall in gold and silver prices has raised questions for investors whether this is the right time to buy. Some things should be kept in mind while considering this:

Think long term

If you want to invest for a long time, then gold and silver are a good means of protection against inflation and economic fluctuations.

Increase diversity

You can include these metals to diversify your investment portfolio. This will reduce the risk.

Seek expert advice

It is better to consult a financial expert. They can provide you the right guidance according to your investment strategy.

It is worth noting that the fall in the prices of gold and silver can be an opportunity for investment, but it completely depends on your financial situation and goals. Take any decision only after consulting an expert.