Gold Prices Fall by ₹1,200, Silver Drops ₹2,500 Amid Strong US Dollar and Fed Comments

Gold prices in India fell sharply on Tuesday, losing ₹1,200 to trade at ₹1,24,100 per 10 grams in New Delhi, succumbing to weak global cues, and the strength of the US dollar. The dip came in the wake of hawkish comments from several US Fed officials, which subdued rate cut expectations for next month.

On the local bullion scene, gold of 99.5% purity fell by ₹1,200 to ₹1,23,500 per 10 grams, making it the second straight day of losses for the yellow metal. Till Monday, this had closed at ₹1,24,700 per 10 grams. In a similar tone, gold of 99.9% purity had ended the previous session at ₹1,25,300 per 10 grams.

Silver prices lost out to the tune of ₹2,500 at ₹1,51,500 per kilogram yesterday on the loss of strength from ₹1,54,000 per kg in the previous session.

In the international market, spot gold dropped by $7.84 or 0.2% to $3,993.65 per ounce; silver came down nearly 1% to $47.73 per ounce.

With $ getting stronger against the weakening Gold prices, Federal Reserve dignitaries have expressed caution on rate cut, noted Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities.

Gold Rates at Major Jewellers (Approximate, 22K per 10g)

Tanishq: ₹1,13,500

Malabar Gold & Diamonds: ₹1,13,300

Joyalukkas: ₹1,13,450

Briefly stated, prices would change with the city and present market conditions.

Budget 2026 income tax expectations rise as taxpayers seek relief, clarity and simpler rules

The Union Budget 2026–27 countdown has started and taxpayer expectations continue to rise. Finance Minister Nirmala Sitharaman will deliver her ninth consecutive Budget presentation on February 1 which marks the third full Budget of the Modi

High-speed rail corridor cleared; E Sreedharan to spearhead project planning

The Centre has approved a high-speed rail corridor which will deliver extensive rail infrastructure improvements throughout Kerala. The initial planning work will be conducted by E Sreedharan who is known as the ‘Metro Man’ while the

IndiGo Vacates 717 Domestic Airport Slots After DGCA Curbs Winter Operations

IndiGo has vacated 717 take-off and landing slots across domestic airports after aviation regulator DGCA ordered a 10% cut in the airline’s winter schedule, following major operational disruptions in early December, sources said. Slots — which

Steel Sector Cartelisation Under CCI Scanner

Indian steelmakers Tata Steel JSW Steel Steel Authority of India Limited SAIL and Rashtriya Ispat Nigam Limited RINL face investigation because antitrust authorities discovered evidence of their alleged cartel activities according to a report reviewed by

Union Budget 2026: Logistics Sector Demands ₹3 Trillion Allocation

The Logistics Sector Skill Council (LSC) demands the Centre to spend ₹3 trillion on infrastructure projects which require extensive changes and increased financial funding for the industry. The council mentioned in its statement that the previous

IndiGo to Surrender Unused Airport Slots Amid Operational Reset

IndiGo, which operates as India’s biggest airline, will return its unused airport slots after the company decided to stop operations because of regulatory violations which occurred during the previous month. The airline received a flight reduction