Golden clicks 5-day Recordrally; Falls RS 500 to RS 1.20,600/10 g in Delhi

Gold prices fell on Friday with RS 500 to RS 1.20,600 per 10 grams in the National Capital on Friday, ending a five-day record-extending rally, because investors achieved profit and a slight recovery in the US dollar roads on sentiment.

According to the All India Sarafa Association, the yellow metal of 99.9 percent purity RS had 1,100 Gerally to hit a record high of RS 1,21,100 per 10 grams on Wednesday.

Gold of 99.5 percent purity also withdrew from its peak and RS 500 slipped to RS 1.20,000 per 10 grams (including all taxes). It was closed on RS 1.20,500 per 10 grams in the previous trade session.

Local noble meter markets were closed on Thursday because of Gandhi Jayanti and Dussehra.

In combination with gold, the silver prices were also illuminated by RS 500 to RS 1.50,000 per kilogram (including all taxes). The white metal had exchanged flat on Wednesday at RS 1.50,500 per kilogram, the association said.

“Bullion withdrew from his record high and traded lower on Friday, weighed through a slight recovery in the US dollar and profitable by traders after a five -day rally that set new records,” said Saumil Gandhi, senior analyst of raw materials at HDFC Securities. On the international market, Spot was also witnessing a withdrawal and slid to USD 3,863.51 per ounce after scaling a record high of USD 3,897.20 per ounce on Thursday. Gold stays in the neighborhood of seven consecutive weeks of winning every week, the longest winning series since February 2025, Gandhi noted.

“This rally is supported by a continuing demand for safe port assets, fed by worries about an American government closure and constant geopolitical and economic uncertainties.

“Inflow into listed funds and Active Central Bank purchases have also provided support to the upward trend,” he added.

In the meantime, Spot Silver rose almost 1 percent to USD 47.34 per ounce in the overseas markets after a high of USD 48.10 per ounce on Thursday.

Gandhi said that because of the current US government closure, market participants are expected to rely more on reports from the private sector for instructions on the labor market and the broader economy. “The closure will postpone the release of non-agricultural payroll administration that are planned later in the day,” he added.

Renisha Chainani, main examination at Augmont, said: “Increased American rates express their concern about international trade, which increases the demand for gold as a cover against uncertainty, while continuing geopolitical tensions continue to support the attractiveness of gold as a go-to-haves.”