Gold prices remained steady in the domestic retail market on Tuesday, while silver futures traded lower on the Multi Commodity Exchange (MCX), reflecting cautious investor sentiment amid mixed global cues.
According to the latest retail rates, 24-carat gold was priced at ₹145,350 per 10 grams, while 22-carat gold continued to trade above ₹133,000 in major cities. Silver (999 purity) was quoted at around ₹245,000 per kilogram in the physical market, with prices varying slightly across locations due to local taxes and jewellers’ margins.
On the MCX, gold futures witnessed limited movement during early trade, indicating a stable trend in the precious metals market. MCX silver futures, however, slipped about 0.39% to ₹230,160 per kg at around 9:13 am, as traders reacted to a firmer US dollar and expectations around the US Federal Reserve’s interest rate path.
In Maharashtra, silver prices remained largely unchanged across key cities, with jewellers reporting steady enquiries but measured buying activity. Market participants said many consumers are waiting for a clearer price trend before making fresh purchases, although demand for weddings and upcoming festive occasions continues to lend support to the bullion market.
Analysts believe precious metals are currently moving within a narrow range as investors assess global economic data, bond yields and currency movements. While higher interest rates typically reduce the appeal of non-yielding assets like gold, ongoing geopolitical uncertainties and economic concerns continue to underpin safe-haven demand.
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