Gold and silver prices edged lower across India on Tuesday, offering slight relief to jewellery buyers after recent volatility in the bullion market. Softer international prices, coupled with a stronger US dollar and rising Treasury yields, weighed on sentiment, keeping domestic bullion rates under pressure.
According to the latest retail rates, 24-carat gold in Delhi was priced at ₹1,46,160 per 10 grams, while 22-carat gold stood at ₹1,33,980. In Mumbai, 24-carat gold was retailing at ₹1,46,410, with 22-carat gold at ₹1,34,209. Kolkata reported 24-carat gold at ₹1,46,210 and 22-carat gold at ₹1,34,026. Chennai recorded the highest among major metros, with 24-carat gold at ₹1,46,720 and 22-carat gold at ₹1,34,493 per 10 grams.
Silver prices also softened. The 999-purity metal was quoted at ₹2,33,100 per kg in Delhi, ₹2,33,500 in Mumbai, ₹2,33,190 in Kolkata and ₹2,33,700 in Chennai. The decline reflected weakness in international precious metal markets as investors turned cautious ahead of key US Federal Reserve policy signals.
On the futures market, MCX gold traded about 0.52% lower at ₹1,46,640 per 10 grams, while MCX silver futures fell around 1.3% to ₹2,33,340 per kg during morning trade. Analysts attributed the decline to a stronger dollar, which makes gold more expensive for overseas buyers, and higher US bond yields that reduce the appeal of non-interest-bearing assets such as gold.
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