Gold prices in Delhi experienced a sharp correction on Monday, February 2, tracking weakness in global bullion markets and broad profit booking after recent record highs. Buyers in the capital witnessed notable declines across purity levels as traders reacted to a stronger US dollar and volatile commodity markets.
Latest gold rates in Delhi today:
- 24-carat gold: ₹15,153 per gram
- 22-carat gold: ₹13,890 per gram
- 18-carat gold: ₹11,365 per gram
The fall in prices reflects sustained selling pressure in domestic bullion, following global profit taking after gold rallied to multi-year highs. The correction has been accentuated by strength in the US dollar and shifts in investor expectations around interest rates, which have dampened appetite for non-yielding assets like gold.
Delhi’s corrected gold rates are now significantly lower than recent levels, offering comparatively softer price points for consumers and jewellers amid ongoing volatility in global markets. Traders are closely watching currency movements, international bullion trends and central bank cues to gauge the next direction for gold prices.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Commodity prices are subject to market risks. Always conduct your own research or consult a financial advisor before making decisions.
