Now Reading: Gold rebounds Rs 700 in Delhi, silver holds at Rs 2.32 lakh
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Gold rebounds Rs 700 in Delhi, silver holds at Rs 2.32 lakh
The Story in Brief
Gold prices rebounded from a two-month low in the national capital on Wednesday, 30 September, rising Rs 700 to Rs 1,49,300 per 10 grams, according to Deccan Herald. Silver remained unchanged at Rs 2.32 lakh per kg for the second straight session. The recovery came as investors bought at lower levels after recent losses, amid a firm global trend, with spot gold trading at USD 4,190 per ounce, the report said.
MCX Gold October futures stood at Rs 1,46,513 per 10 grams on Tuesday, 29 September, while MCX Silver December contracts were at Rs 2,27,390 per kg, Mint reported. Bullion had tumbled 4% to a seven-week low amid the US-Iran standoff over the Strait of Hormuz and expectations of higher-for-longer US interest rates. Mint reported that Iranian officials privately expressed pessimism about a deal before the US midterms in November 2026, following President Donald Trump's rejection of their proposal to reopen the waterway.
Update, 30 September 2026: Gold rebounded Rs 700 in Delhi on 30 September to Rs 1,49,300 per 10 grams, Deccan Herald reported, after a two-session decline. Silver held at Rs 2.32 lakh per kg. Mint reported on 29 September that MCX gold futures stood at Rs 1,46,513, with bullion at a seven-week low. The recovery came amid value buying and a firm global trend, while crude eased after Saudi Arabia increased pipeline supplies.
Indian Opinion Analysis
All five sources covered gold price movements with neutral-report framing, differing only in their data point. Deccan Herald reported the 30 September rebound of Rs 700 in Delhi, the latest day. Mint and NDTV Profit attributed the 28 September decline to US interest rate expectations and US-Iran tensions. Mint added the detail of Iranian pessimism on a deal before US midterms. Times Now published an extensive city-wise rate table. The coverage is uniform straight reporting across the period, reflecting a market driven by global macro pressures and the unresolved Strait of Hormuz standoff. Gold ended September more than 5% lower, and analysts cited by Deccan Herald said China's golden week starting 1 October could lift jewellery demand.
Coverage: 5 sources, 5 neutral
Sources (5): ndtvprofit.com (neutral report), timesnownews.com (neutral report), livemint.com (neutral report), livemint.com (2) (neutral report), deccanherald.com (neutral report)
This brief was synthesised by AI from the 5 sources linked above, so one read covers every framing they carry. Methodology and corrections.
