Gold and silver prices slipped slightly in early trade on Monday, reflecting cautious sentiment in the bullion market. Ten grams of 24-carat gold fell by ₹10 to ₹1,56,590 in major cities such as Mumbai and Kolkata. Prices were marginally higher in Chennai, while Delhi saw rates close to the national average. 22-carat gold also eased by ₹10, trading at around ₹1,43,540 per ten grams.
Silver prices followed a similar trend. The white metal declined by ₹100 to ₹2,84,900 per kilogram across key markets including Delhi, Mumbai, Kolkata and Chennai. The overall movement in prices remained limited, indicating a stable but cautious market.
Experts say the small dip in domestic bullion prices is linked to global cues. International markets are moving carefully as investors wait for important economic data from the United States, especially inflation and employment numbers. These figures could give clearer signals on future interest rate decisions, which directly impact gold and silver prices.
Globally, gold and silver prices have shown mixed trends in recent sessions due to a stronger US dollar and changing expectations around interest rates. While precious metals continue to attract investors as safe-haven assets, short-term price movements are likely to remain volatile.
Market analysts advise buyers and investors to keep an eye on global developments, as upcoming economic announcements may influence bullion prices in the coming days.
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