Gold price today: India rates stay low after two-day crash as silver rout spills into markets
Spot gold in Mumbai dropped to ₹1,60,710 per 10 grams Monday after plunging up to 7.5% during Asian trading. Silver fell as much as 14.2%. Dealers reported physical gold premiums in India spiked to $121 an ounce late last week, the highest since 2014, as buyers rushed to secure metal before the Union Budget. Local gold prices had hit a record ₹1,80,779 per 10 grams on Jan. 29.