Gold prices in India edged lower at the start of the week, while silver also registered a modest decline. According to market data, the price of 24-carat gold fell by ₹10 to ₹1,35,810 per 10 grams on Monday. Silver prices dipped by ₹100, with one kilogram of the metal trading at ₹2,40,900.
The marginal fall reflects cautious sentiment in the precious metals market, as investors balance global economic signals with profit-taking after recent highs. Despite the dip, gold prices continue to remain elevated compared to historical levels, supported by sustained safe-haven demand and ongoing global uncertainty.
Across major cities, gold prices showed a similar trend. In Mumbai, Kolkata, Bengaluru and Hyderabad, 24-carat gold was priced at ₹1,35,810 per 10 grams. Delhi saw a slightly higher rate of ₹1,35,960, while Chennai continued to quote the highest price at ₹1,37,450 per 10 grams. For 22-carat gold, prices slipped by ₹10 to ₹1,24,490 per 10 grams in most cities, while Chennai reported ₹1,25,990.
Silver prices also softened across regions. In Delhi, Mumbai and Kolkata, silver was quoted at ₹2,40,900 per kilogram. Chennai again stood out with a higher rate of ₹2,56,900 per kilogram, reflecting local demand and supply dynamics.
Market participants say the small decline should be seen in the context of recent sharp movements in bullion prices. Gold and silver have witnessed strong gains over the past year, driven by geopolitical tensions, central bank buying, and expectations around interest rate changes globally. Periodic corrections, analysts note, are natural after such rallies.
For consumers, the slight dip may offer limited relief, though prices remain high overall. Investors, meanwhile, are closely tracking global cues, currency movements and upcoming economic data for clearer direction in precious metal prices in the days ahead.
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