Gold's Rally Halts, Silver Tumbles: New Prices Revealed

• Gold prices in India have stopped their upward trend, with 24-carat gold in Delhi falling to ₹154,450 per 10 grams on January 23.
• The decline is attributed to reduced demand for gold as a safe asset and profit-taking after a record rally.
• International spot gold prices slipped to $4,822.65 per ounce, while silver also saw a rise to ₹330,100 per kilogram domestically.
• US President Donald Trump's decision to cancel tariffs on 8 European countries, easing geopolitical tensions over Greenland, contributed to the gold price drop.
• Goldman Sachs has raised its December 2026 gold price forecast to $5,400 per ounce, citing private sector diversification buyers.

Why It Matters: Gold prices fell due to reduced safe-haven demand and eased geopolitical tensions over Greenland.