Gold and silver prices witnessed a slight decline across major Indian markets on Sunday, offering some relief to buyers after recent sharp gains. According to bullion market data, gold prices slipped marginally, while silver also recorded a modest fall amid subdued trading activity.
The price of 24-carat gold fell by ₹10 per 10 grams to around ₹1,52,720, while 22-carat gold also edged lower across several cities. Silver prices declined by ₹100 per kilogram and were quoted at approximately ₹2,74,900 per kg in the domestic market. Retail rates varied slightly between cities due to local taxes and transportation costs.
In major markets such as Delhi, Mumbai, Kolkata and Chennai, jewellers reported steady demand despite the minor correction in prices. Market experts said the decline was largely influenced by developments in international markets, where gold prices remained under pressure due to expectations that the US Federal Reserve could maintain higher interest rates for a longer period. Rising bond yields and a stronger dollar have reduced the appeal of non-interest-bearing assets such as gold.
Analysts noted that investors are closely monitoring global economic indicators, inflation trends and geopolitical developments, all of which continue to influence precious metal prices. Although gold is traditionally considered a safe-haven investment during uncertain times, expectations of tighter monetary policy have tempered buying interest in recent sessions.
Silver prices have also mirrored global trends, with industrial demand and broader commodity market movements playing an important role in determining price direction. Traders expect volatility to continue during the week as markets react to fresh economic data and international developments.
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