Priyanka
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On Friday, both gold and silver prices recorded a sharp decline in the domestic market, halting a five-day upward trend. The drop is attributed to weak global market signals, marking a significant correction after recent highs.
According to the All India Sarafa Association, the price of gold in Delhi's bullion market fell by ₹1,350, bringing the rate to ₹93,000 per 10 grams. Just a day earlier, on Thursday, gold of 99.9% purity had touched a record high of ₹94,350 per 10 grams.
Gold Rate Details:
99.9% purity gold: Dropped from ₹94,350 to ₹93,000 per 10 grams
99.5% purity gold: Slipped by ₹1,350 to ₹92,550 per 10 grams, down from ₹93,900
This marks the end of a five-day rally in gold prices that had been driven by increased demand and market volatility.
Silver Prices Crash ₹5,000 in a Day
The price of silver also witnessed a major correction. In Delhi's spot bullion market, silver plunged by ₹5,000 per kg, now trading at ₹95,500 per kg, down from ₹1,00,500 in the previous session. This is the biggest single-day drop in four months for silver.
Gold and Silver Futures Update (MCX):
In the domestic futures market, both gold and silver showed a downward trend on the Multi Commodity Exchange (MCX):
Gold (June 5, 2025 delivery):
Trading at ₹88,876 per 10 grams
Down by ₹1,181 or 1.31%
Silver (May 5, 2025 delivery):
Trading at ₹90,016 per kg
Dropped by ₹4,383 or 4.64%
