Gold prices remained steady across major Indian cities on Monday, offering stability to buyers after recent fluctuations in the bullion market. Silver, however, continued its upward march, supported by firm global demand and positive investor sentiment.
According to the latest retail rates, 24-carat gold was priced at ₹1,43,950 per 10 grams, while 22-carat gold stood at ₹1,31,950 per 10 grams. The price of 18-carat gold was ₹1,07,960 per 10 grams. Silver was trading at ₹2,40,000 per kilogram, extending its recent gains.
In Kochi, 24-carat gold was quoted at around ₹1,43,940 per 10 grams, while 22-carat gold was available at approximately ₹1,31,100 per 10 grams, with slight variations depending on the jeweller.
Jewellers said customer enquiries remained steady, but many buyers continued to delay large purchases in anticipation of a possible correction in prices. Although gold has cooled from its record highs, it remains significantly costlier than last year, making consumers cautious.
Silver continued to outperform gold as industrial demand stayed robust. Traders attributed the metal’s strength to growing consumption from sectors such as electronics, solar energy and electric vehicles, along with supportive global price trends.
Internationally, bullion prices remained firm as investors closely tracked the US Federal Reserve’s interest rate outlook and the broader global economic situation.
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