Gold and silver prices recorded a mild rise in the domestic market on Tuesday, reflecting steady demand for precious metals. According to market data, the price of 24-carat gold increased by ₹10 per ten grams and was trading at ₹1,42,160. The marginal uptick indicates continued interest in gold from investors seeking stability in uncertain economic conditions.
Gold prices remained largely uniform across major Indian cities. In Mumbai and Kolkata, 24-carat gold was priced at ₹1,42,160 per ten grams. Delhi saw slightly higher rates at ₹1,42,310, while Chennai quoted the highest among metros at ₹1,43,140 per ten grams. The price of 22-carat gold also rose by ₹10, with ten grams trading at ₹1,30,310 in most key markets, while Chennai again reported marginally higher prices.
Silver prices also moved higher during early trade. The metal gained ₹100 per kilogram and was trading at ₹2,70,100 per kg in Delhi, Mumbai, and Kolkata. Chennai continued to quote a premium for silver, with prices reaching ₹2,87,100 per kg, reflecting regional differences in demand and local market factors.
The rise in domestic bullion prices comes amid mixed cues from the global market. International gold prices have eased slightly after touching record highs in recent sessions, as investors booked profits. Despite the short-term correction, gold continues to trade at elevated levels, supported by geopolitical tensions, economic uncertainty, and expectations around future interest rate movements. Silver, too, has remained volatile but firm, backed by both investment demand and industrial usage.
Market experts say persistent global uncertainties, including inflation worries and currency fluctuations, are pushing investors towards precious metals. Gold and silver are traditionally seen as safe-haven assets, helping protect wealth during periods of market volatility and economic stress.
Looking ahead, bullion prices in India are expected to remain sensitive to international trends, movements in the rupee against the dollar, and policy signals from major central banks. Traders and investors are likely to closely track global developments, as these factors will play a crucial role in shaping the near-term direction of gold and silver prices in the domestic market.
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