Gold and silver prices in India have seen a decline in recent days, weighed down by a stronger US dollar and persistent geopolitical tensions in West Asia.
The prices of both precious metals continue to be influenced by global trends, reduced demand, and ongoing volatility in currency exchange rates.
Despite their deep cultural and economic significance in India — especially during festivals, weddings, and as investment assets — prices have remained highly volatile.
This prolonged high-price phase has significantly impacted the marriage market, with many households postponing or reducing gold purchases due to the staggering levels reached over the past 12 months.
Jewellery demand across the country has fallen sharply in 2026 compared with 2025, with the decline visible in metropolitan cities, smaller towns, and hilly states alike. Current domestic prices reflect the downward movement.
24K gold is trading at around Rs16,069 per gram, down Rs 153 from the previous day. While 22K gold is priced at Rs14,730 per gram, lower by Rs 140.
The decline is largely attributed to escalating tensions between Iran, Israel, and the United States, which continue to keep global markets on edge.
Meanwhile, the uncertainty has also reduced gold’s appeal as a safe-haven investment, with many investors who typically shift to gold during stock market volatility choosing to stay sidelined or liquidate positions.
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