Gold prices have plummeted over Rs 13,000 per 10 grams, while silver has dropped nearly Rs 46,000 per kilogram since PM Modi's call to delay gold purchases.
Modi's call to delay gold purchases cut prices ₹13,000 per 10gm in 2.5 months; 15% import duty hike signals forex tightening amid geopolitical strain. Rising protectionism and FX constraints reshape India's capex planning—direct concern for tech leaders assessing infrastructure timing and supply chain costs.
Gold prices have dropped over ₹13,000 per 10gm
Jun 28, 2026
03:39 pm
What's the storySince Prime Minister Narendra Modi's call for Indians to postpone gold purchases, gold prices have dropped by over ₹13,000 per 10gm.
On May 10, when he appealed, 24-carat gold was priced at around ₹1,53,140 per 10gm. By June 28, the price had fallen to approximately ₹1,39,873 per 10gm.
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Gold is being offered at a ₹450/g discount in India after the government raised Customs duty to 15%, impacting demand following…
Today Gold Rate: Despite the sharp jump, 24-carat gold prices are still down 1.07 per cent over the past week and 0.75 per cent…
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New Delhi, Jun 24 (PTI) Gold prices declined by Rs 1,200 to Rs 1.48 lakh per 10 grams in the national capital on Wednesday, and…
