Gold and silver prices edged lower in early trade as both metals saw mild selling pressure after recent gains.
Gold June futures slipped 0.18% to ₹1,57,410 per 10 grams around 9:19 am, while silver July futures dropped 0.45% to ₹2,69,170 per kilogram.
The weakness in precious metals comes amid cautious global sentiment, with investors closely tracking interest rate expectations and economic data from major economies. Higher bond yields have also weighed on non-yielding assets like gold.
In domestic retail markets, prices across major cities including Delhi, Mumbai, Chennai, and Kolkata showed slight variation depending on local taxes and demand conditions, but overall sentiment remained subdued.
Market analysts say gold and silver are currently consolidating after recent volatility, with traders booking profits and waiting for clearer signals from central banks on inflation and rate cuts.
Silver witnessed relatively higher pressure compared to gold, reflecting its sensitivity to both investment demand and industrial usage trends. Concerns over global manufacturing activity have added to the softness in prices.
Despite the short-term decline, analysts maintain that the broader outlook for gold remains supported by safe-haven demand, ongoing geopolitical risks, and steady central bank buying.