Gold and silver prices edged higher in early trade on Wednesday, staying close to record levels amid firm global cues and steady domestic demand.
24-carat gold rose by ₹10 to trade at ₹1,42,540 per 10 grams in Mumbai and Kolkata. In Delhi, gold was priced at ₹1,42,690, while Chennai saw higher rates at ₹1,43,690 per 10 grams. 22-carat gold was quoted at around ₹1,30,660 per 10 grams across major markets.
Silver prices also increased by ₹100, trading at ₹2,75,100 per kilogram in Delhi, Mumbai, and Kolkata. Chennai continued to command a premium, with silver priced at around ₹2,92,100 per kg.
Market experts said bullion prices are being supported by positive global trends, including expectations of lower interest rates and sustained safe-haven demand. Seasonal buying and investor interest have also contributed to the firmness in domestic prices.
Both gold and silver are currently hovering near their recent highs, with further movement likely to depend on global economic cues and currency trends.
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