Gold Prices Drop Across Major Indian Cities

Gold prices have declined across major Indian cities, with 24K gold rates now ranging from ₹9,829 to ₹9,844 per gram in cities like Delhi, Mumbai, Chennai, and Bangalore, and a drop of ₹60 per gram reported in places like Agra and Amritsar. The price reduction is attributed to a stronger US dollar, higher Treasury yields, and robust US economic data, which have lowered expectations of imminent Federal Reserve rate cuts. Internationally, spot gold is fluctuating around $3,314–$3,334 per ounce, and silver and other precious metals are also volatile. Market analysts say upcoming US inflation data and potential tariff developments could further affect gold prices. Domestic festivals may increase demand in the near future. Investors are urged to monitor daily market changes given ongoing global and local uncertainties.