Gold Price Today: Falls Rs 2,500 To Rs 1.60 Lakh Per 10 Grams

Gold prices witnessed a sharp decline in the Indian market on Monday, falling by Rs 2,500 per 10 grams despite rising geopolitical tensions between the United States and Iran.

According to the All India Sarafa Association, gold of 99.9 per cent purity dropped by Rs 2,500, or 1.53 per cent, to Rs 1,60,400 per 10 grams, including taxes. In the previous trading session on Friday, the precious metal had closed at Rs 1,62,900 per 10 grams.

Silver prices also saw a significant fall. The white metal declined by Rs 5,000 per kilogram to Rs 2,69,700 per kg from its previous closing price of Rs 2,74,700 per kg.

Market experts said the decline in gold prices came as renewed military tensions between the US and Iran pushed crude oil prices higher and strengthened the US dollar. A stronger dollar often makes gold more expensive for international buyers, reducing demand and putting pressure on prices.

In the international market, spot gold slipped nearly 1 per cent to around USD 4,505 per ounce. Silver, however, moved higher by about 1 per cent and was trading near USD 75.93 per ounce.

Analysts noted that precious metals remained volatile as investors closely monitored developments related to the US-Iran situation. Uncertainty surrounding a possible ceasefire framework between the two countries has kept global markets on edge.

Despite the latest decline, experts believe gold will continue to remain a key safe-haven asset for investors amid ongoing geopolitical risks and global economic uncertainty.

Investors are now watching upcoming economic data, central bank signals, and developments in the Middle East, which could influence the direction of gold and silver prices in the coming days.