Gold prices eased slightly in the domestic bullion market on Monday, while silver also witnessed a marginal decline as investors remained cautious amid mixed global cues.
According to market data, gold prices fell by ₹10 to ₹1,49,070, while silver declined by ₹100 to trade at ₹2,59,900. The movement in prices was largely attributed to profit-booking after recent gains and subdued demand at elevated levels.
Bullion traders said gold prices remained near record highs despite the minor correction. Retail demand has been steady, but high prices have prompted many buyers to limit purchases to immediate requirements rather than making large investments.
Silver also continued to face selling pressure after a strong rally in recent weeks. Market participants noted that investors were booking profits, leading to a slight decline in prices. However, demand from industrial sectors continues to provide support to the white metal.
Across major cities, gold and silver prices remained largely stable with only marginal variations. Traders said the market is currently in a consolidation phase as investors await fresh triggers from global economic developments.
Internationally, precious metal prices are being influenced by movements in the US dollar, expectations regarding interest rate decisions by major central banks and ongoing geopolitical developments. A stronger dollar tends to make gold more expensive for overseas buyers, often limiting demand and putting pressure on prices.
Analysts said investors are closely monitoring inflation trends and global economic indicators for clues on future monetary policy. Any indication of interest rate cuts by major central banks could provide support to gold and silver prices in the coming months.
Despite the day’s decline, market experts remain positive on the long-term outlook for precious metals. Continued geopolitical uncertainties, central bank buying and the appeal of gold as a safe-haven asset are expected to support prices over the medium to long term.
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