Gold and silver prices in India today fell sharply, tracking a weak global trend. An appreciation of the rupee against the US dollar also put pressure on domestic gold prices. Gold prices in India are down about ₹2,400 per 10 gram from their record highs of ₹39,885, tracking a decline in global prices. "Bear dominance will intensify if gold prices move below ₹37,300, dragging the precious metal lower to next support of ₹37,000. Gold prices continued their decline in global markets after a sharp fall in the previous week.

Source: Mint September 30, 2019 03:53 UTC