Gold and silver prices in India fell slightly on Thursday as investors stayed cautious amid mixed global cues. On the Multi Commodity Exchange (MCX), 22‑carat gold declined by ₹10 to trade at ₹1,57,740 per kilogram, while silver dipped ₹100, reaching ₹2,64,900 per kilogram.
Globally, gold prices eased as well, with traders balancing safe‑haven demand against rising Treasury yields and strong US dollar sentiment. Non‑yielding assets like gold tend to face selling pressure when interest-bearing instruments become more attractive.
Market participants are closely watching the US Federal Reserve’s policy stance. The Fed recently kept interest rates steady but signaled that any rate cuts could be slower than expected. This approach has bolstered the US dollar and kept yields elevated, factors that generally limit gains in gold and silver.
At the same time, geopolitical tensions in the Middle East continue to influence global markets. Escalating conflicts involving the US, Israel, and Iran have kept crude oil prices high and raised concerns over inflation and economic growth. Typically, such uncertainties support bullion prices, but recent movements indicate that investors are weighing these risks against monetary policy developments.
Analysts say precious metals may remain volatile in the near term. Key drivers will include upcoming Fed announcements, crude oil price trends, and demand from major consuming markets like India.
City‑wise, gold rates showed small variations, reflecting local demand and supply conditions. Investors are advised to monitor both global cues and domestic factors, including festival season demand, which can impact physical buying.
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