Gold prices in the Indian market edged lower on Monday. 24-carat gold slipped by ₹10 to trade around ₹1,34,170 per 10 grams in major cities. 22-carat gold also eased by ₹10 and was priced near ₹1,22,990 per 10 grams.
Silver prices followed a similar trend. The metal fell by about ₹100 to around ₹2,13,900 per kilogram in the domestic market, reflecting mild profit-taking.
In global markets, precious metals remained firm. Silver prices overseas touched record highs above USD 67 per ounce, supported by strong safe-haven demand amid geopolitical tensions and global economic uncertainty. Gold prices in international markets also held steady.
Analysts have warned that the coming days could be volatile for gold and silver prices. With markets entering the holiday season, trading volumes are expected to be thin. Experts say this can lead to sharp price swings or short-term dips, even with limited trading activity.
Investors are also watching key US economic data releases, which may influence global gold and silver prices.
Overall, while Indian gold and silver prices saw small declines, global cues and low holiday trading could keep markets volatile in the near term.
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