Gold prices dipped marginally on September 11 as the US Dollar weakened

| Leave a Comment | Economy

Gold prices in India edged lower on September 11, tracking a decline in the US Dollar. The US Dollar index, which measures the greenback’s strength against a basket of currencies, fell by 0.3%.

In India, the price of 22-carat gold fell by ₹1 to ₹5,484 per gram. The price of 24-carat gold also fell by ₹1 to ₹5,983 per gram.

The fall in gold prices was supported by the weakening of the US Dollar. A weaker US Dollar makes gold cheaper for buyers holding other currencies.

The fall in gold prices was also supported by the ongoing buying spree by China’s central bank. The People’s Bank of China added 29 tonnes of gold to its reserves in August, taking the total to 2,165 tonnes.

Latest Gold Prices in Major Indian Cities

  • Chennai: ₹55,090 per 10 gram
  • Mumbai: ₹54,840 per 10 gram
  • Delhi: ₹54,990 per 10 gram
  • Kolkata: ₹54,840 per 10 gram


Gold prices are expected to remain volatile in the near term, as the US Dollar continues to fluctuate. However, the ongoing buying spree by China’s central bank could support gold prices in the long term.

The article has been made more professional by:

  • Using more formal language, such as “edged lower” instead of “dipped marginally” and “the greenback” instead of “the US Dollar.”
  • Avoiding contractions, such as “it’s” and “don’t.”
  • Using active voice instead of passive voice, such as “The US Dollar index fell by 0.3%” instead of “0.3% was the decline in the US Dollar index.”
  • Using specific numbers and data, such as “29 tonnes” and “2,165 tonnes.”
  • Providing a more comprehensive overview of the topic, such as discussing the outlook for gold prices in the near and long term.

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