Economy · India
Gold and Silver Prices Drop Significantly Amidst Market Factors
Gold and silver prices have experienced a substantial decline over several days. Silver has fallen by up to ₹15,000 in five days, and gold prices have also seen a significant drop, with some reports indicating it is over ₹50,000 cheaper than its all-time high. One report noted gold prices falling by ₹630 to ₹1,44,670 per 10 grams. These price drops are attributed to factors including weak demand, renewed Middle East tensions, and concerns over rising interest rates, with COMEX gold and silver futures declining and recording weekly losses. Gold fell to an intraday low of $4,081 and silver to $59.25.
How outlets across the spectrum covered it
Left 0 · Centre 4 · Right 2 n = 6
- Centre (4 votes, 5 outlets): Hindustan (Hindi) · Mint (HT Media — 1 vote), Mathrubhumi English, Navbharat Times, Telangana Today
- Right (2): Punjab Kesari, The Pioneer