Gold prices edged slightly lower in early trade on Monday. The price of 24-carat gold fell by ₹10 to ₹1,41,210 per 10 grams, while 22-carat gold also dipped by ₹10 to trade around ₹1,29,440 per 10 grams in major Indian cities.
Silver prices also softened, declining by ₹100 to ₹2,50,900 per kilogram in key markets including Delhi, Mumbai, and Kolkata. In Chennai, however, silver continued to trade at higher levels at ₹2,73,900 per kilogram.
The mild decline in domestic prices is attributed to profit-booking after recent highs, even as international markets remain supportive. Globally, gold prices eased slightly after touching record levels, while silver prices stayed firm on strong industrial demand and expectations of interest-rate cuts by the US Federal Reserve.
Market participants said precious metals may continue to witness short-term fluctuations, but overall sentiment remains positive due to global economic uncertainties and sustained investor interest.
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