Gold prices in India experience minor drop amid global tensions
Gold prices in India dropped a tiny bit—down ₹10 per 10gm on Monday.
In Delhi, 24-carat gold is now at ₹97,583 and 22-carat at ₹89,463, making them the priciest among big cities.
If you're in Bengaluru, Chennai, Mumbai, or Kolkata, rates are a little lower.
Why gold prices dipped today
Gold usually shines when things get shaky globally. But with tensions easing between countries like the US and China and a ceasefire between Israel and Iran, people aren't rushing to buy gold as a safe bet right now.
That's why prices dipped in India, while international prices improved.
Global market calmness reduces gold's appeal
Recent trade deals (like rare earth exports) and peace efforts have calmed markets.
While there's still some drama between the US and Canada on trade, overall things are less tense—so gold isn't quite as hot as it was during recent crises.
Prices could still jump if new global issues pop up.