Gold and silver prices witnessed mixed movement on Friday, July 10, with domestic futures reflecting cautious sentiment in the bullion market. MCX gold was trading 0.28% lower at ₹145,460 per 10 grams, while MCX silver futures edged 0.10% higher to ₹227,160 per kg.
In the retail market, however, gold prices remained largely stable across major cities. In Delhi, 24-carat gold was priced at around ₹145,800 per 10 grams, while 22-carat gold stood at ₹133,650. Similar price trends were seen in Mumbai and Kolkata, with only minor variations due to local taxes and transportation costs. Retail silver (999 purity) continued to trade above ₹2.26 lakh per kg.
The mixed trend comes as investors weigh global economic developments, including expectations around interest rates, inflation and geopolitical uncertainties. These factors continue to influence the movement of precious metals, with gold often attracting investors during periods of uncertainty, while silver benefits from both safe-haven demand and its industrial applications.
Jewellers said stable retail prices are encouraging buyers who have been waiting for a pause in recent volatility. Demand for jewellery and investment purchases is expected to remain steady, supported by the upcoming festive and wedding season. However, many consumers are still comparing prices before making large purchases.
Market analysts believe bullion prices could remain volatile in the near term as investors closely monitor global cues and movements in the US dollar. Any fresh signals from major central banks or changes in inflation expectations may influence the direction of gold and silver prices.
For buyers, experts recommend checking BIS hallmark certification, comparing prices across retailers and factoring in making charges before purchasing jewellery.
Also Read: Truecaller CEO slams TRAI rules