Gold and silver prices moved higher in the domestic market on Tuesday, reflecting continued investor interest in precious metals amid global economic uncertainty. According to market data, the price of 24-carat gold increased marginally by ₹10 to ₹1,46,250 per 10 grams. Though the rise was modest, it extended the recent firm trend in gold prices.
Silver registered a stronger gain, with prices rising by ₹100 to trade at ₹3,05,100 per kilogram. The metal has been witnessing steady buying, supported by both industrial demand and investment interest, making its price movement more pronounced compared to gold.
The price of 22-carat gold also edged up and was quoted at around ₹1,34,060 per 10 grams. Gold rates across major Indian cities, including Mumbai, Delhi, Kolkata and Chennai, remained largely in line with national averages, with only minor variations due to local taxes and transportation costs.
Market experts attributed the firm prices to ongoing global uncertainties, including concerns over inflation, interest rate outlooks, and geopolitical developments. In such an environment, investors tend to shift towards gold and silver, which are traditionally viewed as safe-haven assets during volatile times.
Jewellery traders noted that retail demand remains cautious at current elevated price levels. Many buyers are making need-based purchases rather than large investments. However, investment demand from long-term investors and high-net-worth individuals continues to lend support to bullion prices.
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