CosmicTaco

Gold Prices Dip Below Rs 1 Lakh

CosmicTaco · 2025-04-24T11:33:28.405921+05:30

- Gold prices in India fell below Rs 1 lakh per 10 grams after a historic rise, driven by profit booking. - On April 24, 24-carat gold was priced at Rs 98,340 per 10 grams in Mumbai, while 22-carat gold stood at Rs 90,140. - Global economic uncertainties and US recession fears had previously pushed prices above Rs 1 lakh. - Technical charts indicate trend exhaustion, aided by a slight rebound in the US Dollar index and easing tariff comments from President Trump. - Despite volatility, gold remains a favored safe-haven investment, though premiums have slightly lowered. Source: [News 18](https://www.news18.com/business/savings-and-investments/gold-price-today-yellow-metal-trades-below-rs-1-lakh-mark-check-latest-rates-in-chennai-mumbai-delhi-kolkata-ws-kl-9311232.html), [Mint](https://www.livemint.com/market/commodities/gold-silver-price-down-today-april-24-city-delhi-mumbai-chennai-kolkata-hyderabad-bengaluru-safe-haven-investment-market-11745459452774.html)

Gold prices in India fell below Rs 1 lakh per 10 grams after a historic rise, driven by profit booking.
On April 24, 24-carat gold was priced at Rs 98,340 per 10 grams in Mumbai, while 22-carat gold stood at Rs 90,140.
Global economic uncertainties and US recession fears had previously pushed prices above Rs 1 lakh.
Technical charts indicate trend exhaustion, aided by a slight rebound in the US Dollar index and easing tariff comments from President Trump.
Despite volatility, gold remains a favored safe-haven investment, though premiums have slightly lowered.

Source: News 18, Mint