Gold prices remained close to record highs across India on Monday, April 27, while silver prices saw a slight dip as investors continued to track global developments and movement in commodity markets.
In major cities such as Delhi, Mumbai and Pune, 24-carat gold was priced at around ₹1.53 lakh per 10 grams, while 22-carat gold was trading near ₹1.40 lakh. Silver was quoted at about ₹2.46 lakh per kilogram in the retail market.
Traders said gold continues to attract buyers as it is traditionally seen as a safe investment during uncertain times. Ongoing geopolitical tensions and volatility in global markets have kept demand strong, helping prices stay firm at elevated levels.
At the same time, hopes of easing tensions in the Middle East prevented any sharp spike in prices. Market participants said investors are balancing risk concerns with expectations that diplomatic progress could reduce pressure on global markets.
Jewellers noted that domestic demand has become selective because of the steep rise in prices. Many retail buyers are purchasing smaller quantities or waiting for corrections before making large jewellery purchases.
Silver prices, meanwhile, remained under some pressure and slipped slightly compared to the previous session. Analysts said silver tends to be more volatile than gold because it is influenced not only by investment demand but also by industrial consumption trends.
Despite high prices, jewellers are expecting stronger footfalls in the coming days as Akshaya Tritiya and the wedding season approach. Both occasions are traditionally considered favourable for buying gold, which could support demand even at current levels.
Experts believe gold and silver may continue to witness sharp moves this week depending on global cues, especially developments in crude oil prices, currency markets and international political tensions.
For consumers planning to buy jewellery, traders advise checking purity, hallmark certification, making charges and GST before making purchases, as final prices vary from city to city and store to store.
Investors are also being advised to buy gradually rather than all at once, given the current volatility in bullion prices.
Also Read: Sensex surges 600 points, Nifty reclaims 24,000