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Gold-Silver Rate Today in India: Even as geopolitical tensions escalate in West Asia amid the ongoing US-Iran conflict, gold and silver prices in India have continued to decline. Contrary to the usual trend where precious metals gain during global uncertainty, bullion rates have slipped for the third consecutive day. Here’s a detailed look at why prices are falling and what buyers are paying for 24K, 22K and 18K gold across major Indian cities.

Why Are Gold Prices Falling Despite Global Conflict?

Traditionally, gold is seen as a safe-haven asset during wars or geopolitical crises. However, this time the scenario appears different. Despite tensions involving the United States, Iran, and Israel, gold prices have come under pressure.

The primary reason behind the decline is the strengthening of the US dollar and rising US Treasury yields. When the dollar index gains strength, gold becomes more expensive for investors holding other currencies, reducing global demand. Additionally, higher Treasury yields make interest-bearing assets more attractive compared to non-yielding assets like gold and silver.

Market analysts note that investors are currently shifting toward dollar-based investments, limiting the upside potential for precious metals.

Gold Prices in Delhi: What’s the Trend?

In the national capital, gold prices slipped further today:

• 24 Carat Gold (10 grams): ₹1,67,760

• 22 Carat Gold (10 grams): ₹1,53,790

• 18 Carat Gold (10 grams): ₹1,25,860

Over the past three days, 24K gold has seen a sharp correction after a strong rally. Similarly, 22K gold has also witnessed a noticeable dip following recent gains. The correction indicates profit booking and shifting investor sentiment amid global currency fluctuations.

City-Wise Gold Rates in India Today

Here are the latest gold prices across 10 major Indian cities:

Among these cities, Chennai continues to record slightly higher gold prices compared to other metropolitan regions.

Silver Prices Also Under Pressure

Silver prices have also declined for the second consecutive day. In Delhi, silver is currently trading at ₹2,94,900 per kilogram, down by ₹100 today. Over the last two days, silver has recorded a notable correction after a brief surge.

In other major cities like Mumbai and Kolkata, silver rates remain similar to Delhi. However, Chennai continues to report the highest silver price at ₹3,14,900 per kilogram, making it the most expensive among key metro markets.

What’s Driving the Overall Market?

The broader trend in the bullion market is heavily influenced by the US dollar index, which measures the strength of the dollar against six major global currencies. A stronger dollar typically weighs on gold prices because it reduces the appeal of precious metals for global investors.

Moreover, rising energy prices due to tensions in West Asia have indirectly supported the dollar, further adding pressure on gold and silver. As investors move toward safer currency-backed assets, bullion demand has softened despite geopolitical uncertainty.

Should Buyers Consider This a Good Time?

For retail buyers and investors, falling gold prices may present an opportunity for long-term accumulation. However, experts suggest monitoring global currency movements and US bond yields before making significant investment decisions.

With volatility likely to continue amid global tensions, short-term fluctuations in bullion prices cannot be ruled out.