Gold rate today: Yellow metal falls ₹100 to ₹90,450 per 10 gm, silver down ₹500 at ₹1 lakh per kg amid weak global cues

Domestic gold prices on Tuesday slipped by ₹100 to ₹90,450 per 10 gm (24K, 99.9% purity) in the national capital caused by weak demand from jewellers and retailers, according to the All India Sarafa Association.

On Monday, gold of 99.9% purity settled at ₹90,550 per 10 gm, falling by ₹700 due to persistent selling by jewellers and investors amid hopes for a potential Russia-Ukraine peace deal.

Gold of 99.5% (22K) on Tuesday declined to ₹90,000 per 10 gm, marking this as the fourth straight session of a fall in the yellow metal prices.

As per experts, gold prices plunged amid a rising dollar and an expected ease in the next round of tariffs by the US President Donald Trump.

Silver prices were at ₹1,00,000 per kg after closing at ₹1,00,500 per kg on Monday, recording a fall of ₹500.

Spot gold prices, however, jumped $12.56, or 0.42%, to $3,023.60 per ounce.

The upcoming macroeconomic data this week is anticipated to affect the precious metal’s trajectory in the coming future, according to experts.

"Gold is trading near $3,020 per ounce as traders got relief from signs the next wave of US tariffs is shaping up as more focused, easing fears of an all-out trade war," a PTI report quoted Kaynat Chainwala, AVP-Commodity Research at Kotak Securities, as saying.

Moreover, geopolitical risks persist as Israel plans military drills near Lebanon and evacuations in northern Gaza, which might result in an uptrend for bullion prices again, experts told PTI.

Gold prices hit all-time highs this month, breaking records and driving more investors towards the yellow metal. Gold rate touched its lifetime-high of ₹91,950 per 10 gm (99.9% purity) on March 19, following which it began falling in the domestic market.