Gold dips below ₹1.5  lakh per  10  grams in Delhi for first time in two  months

Gold prices in Delhi slipped below ₹1.5  lakh per  10  grams on Tuesday — the first time in two  months — as weak local demand and a stronger US  dollar weighed on sentiment.

The yellow metal of 99.9  percent purity fell ₹1,400 to ₹1,48,600 per  10  grams, including taxes, according to local traders. It had closed at ₹1.5  lakh on Monday. The last time gold hovered around these levels was July  31, when it stood at ₹1,48,300 per  10  grams.

Silver prices remained unchanged at ₹2.32  lakh per  kilogram after a ₹5,000 drop in the previous session.

In global markets, spot gold recovered modestly after a 4  per cent fall in the previous session, rising  $30.34  (about  1  percent)  to  $4,145.26  per  ounce. Silver traded flat at  $60.69  per  ounce after a  6  percent decline earlier.