Gold prices moved lower in the national capital on Thursday, with the precious metal declining by ₹400 per 10 grams. Silver also weakened, falling by ₹300 per kilogram, as bullion markets reacted to a softer global trend.
Market sentiment was pressured by a sharp rise in crude oil prices. Higher oil rates tend to raise concerns about inflation, and that can affect expectations for interest rates and monetary policy across major economies.
Traders indicated that profit-booking added to the decline in bullion. They also pointed to worries that persistent inflation could force leading central banks to keep policy easing on hold for longer than previously expected.
That combination of rising energy costs, inflation concerns and delayed hopes for rate cuts weighed on gold and silver prices. The latest move highlights how closely domestic bullion rates are tracking global commodity and macroeconomic signals.
