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Gold Rebounds in Delhi Market After Muharram Holiday Break - Silver Weakens on Global Cues and US-Iran Tensions
Gold Silver Price: After three days of decline, gold prices rose by Rs 1,300 on Monday. However, silver slipped by Rs 2,000 per kilogram during this period. Learn about the factors affecting the prices of precious metals in the domestic and international markets.
Gold prices increased in Delhi after a three-day fall on Monday. The buyers took positions to gain value and pushed the gold prices to increase by Rs 1,300. The silver prices continued to fall for the fourth straight day and closed down by Rs 2,000 per kg.
According to the All India Sarafa Association, the gold price at 99.9 percent purity increased to Rs 1,46,600 per 10 grams, which was higher compared to Rs 1,45,300 per 10 grams of gold previously seen on Thursday, June 25, 2026. The markets were shut on Friday, June 26, 2026, due to Muharram. The silver price closed down by ₹2,000 at ₹2,24,000 per kg, while it had closed at ₹2,26,000 per kg in the previous session. According to the analysts, gold prices have increased due to bargain buying.
The reason behind the increase in gold prices in the domestic markets was that buyers bought the metal for value after a market correction. However, the spot gold in the international markets fell by ₹54.14 to ₹4,035.12 per ounce. It declined by 1.32 percent. Demand for gold in the domestic market remained strong.
The main reason for the decline in silver prices was weakness in foreign markets. Gaurav Garg, research analyst at Lemon Markets, attributed this to ongoing global uncertainties. Silver prices fell by about 3 percent to ₹57.62 per ounce in the international markets. The rise in crude oil prices and the US dollar index in global markets were also factors. This rise was due to the renewed escalation of US-Iran tensions.
