Gold Price Today: 24K Gold Sees Mild Drop — Check New Rates & Market Reason

 Gold Price Today: 24K Gold Sees Mild Drop — Check New Rates & Market Reason

Gold price in India saw a mild fall today. The 24-karat (pure) gold rate dropped by about ₹10–₹15 per gram, while 22-karat gold slipped by roughly ₹8–₹12. 18-karat gold followed the same trend, though the decline was modest.

The drop in gold prices is largely driven by a stronger US dollar. A firm dollar makes gold more expensive for buyers outside the United States, reducing demand. At the same time, hawkish signals from the US Federal Reserve suggest that interest rates may stay elevated, undermining gold’s attraction as a non-yielding asset.

Globally, investors seem cautious. Rather than chasing gold, many are waiting for clearer signs about the US Fed’s next move on interest rates or fresh inflation data. This sentiment adds pressure on gold buying.

On the domestic front, after a strong run during the recent festive season, some traders and jewellers have booked profits. This is contributing to the small but steady dip in gold prices. Additionally, seasonal demand seems to be easing, which is helping pull down prices.

Across major Indian cities — including Delhi, Mumbai, Chennai, Bengaluru, and Hyderabad — the gold price drop is largely uniform. There are no sharp falls, but the trend is clearly leaning downward.

In summary, gold prices are slightly down today, driven by global macro factors like a strong dollar and rate concerns, along with some domestic profit-taking after festival-led demand.