Gold prices in the national capital inched higher on Tuesday, rising to ₹1,46,520 per 100 grams, while silver prices slipped to ₹2,49,900 per kilogram amid mixed trends in the domestic bullion market.
The marginal rise in gold prices reflects continued investor interest in safe-haven assets, even as global financial markets remain cautious. Traders said the yellow metal is finding support from uncertainty surrounding economic growth, inflation trends and geopolitical developments across key regions.
Silver, however, witnessed a slight decline after recent gains. Market participants attributed the fall to mild profit-booking and subdued industrial demand expectations. Unlike gold, silver is influenced by both investment demand and industrial consumption, making its price movements more volatile.
Across major cities including Delhi, Mumbai, Kolkata and Chennai, gold prices remained largely stable. The rate of 24-carat gold continued to hover near record highs, while 22-carat gold prices also held firm. Jewellers said retail demand has remained steady despite elevated prices, with consumers making selective purchases for weddings, festivals and investment purposes.
The precious metal has maintained its appeal as a store of value during periods of uncertainty. Many investors continue to allocate a portion of their portfolios to gold as a hedge against inflation and market volatility.
Meanwhile, silver’s outlook remains tied to industrial activity, particularly in sectors such as renewable energy, electronics and manufacturing. Any signs of stronger industrial demand could provide support to silver prices in the coming weeks.
Market experts expect bullion prices to remain range-bound in the near term, with global economic developments and currency movements likely to influence trading patterns. For consumers, the latest movement indicates a stable market environment, with only minor fluctuations in gold and silver prices despite ongoing uncertainty in global markets.