Gold prices in Delhi drop Rs 1,550, silver down Rs 3,000; investors await US CPI data and RBI meeting.

Gold prices in Delhi witnessed a significant drop of Rs 1,550 to reach Rs 91,450 per 10 grams, attributed to jewellers’ selling activities and a subdued global market. Similarly, silver prices also slipped by Rs 3,000 to settle at Rs 92,500 per kg. Market analysts highlight that investors are keeping a keen eye on upcoming US Consumer Price Index (CPI) data and the Reserve Bank of India’s (RBI) monetary policy meeting for cues on the precious metals’ future trajectory. The precious metals market remains volatile amidst economic uncertainties, making it essential for investors to stay informed about global economic indicators and central bank decisions.

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