Gold prices edged lower slightly in early trade on Wednesday. The price of 24-carat gold fell by ₹10 and was trading at ₹1,29,430 per 10 grams. At the same time, silver prices moved in the opposite direction, rising by ₹100 to trade at ₹1,90,900 per kilogram.
The price of 22-carat gold also slipped by ₹10 and was quoted at ₹1,18,640 per 10 grams.
Gold rates differed across major cities. In Delhi, 24-carat gold was priced at ₹1,29,580 per 10 grams. In Mumbai and Kolkata, it was available at ₹1,29,430 per 10 grams. In Chennai, the price was slightly higher at ₹1,30,090 per 10 grams.
Market experts say the small fall in gold prices is due to mixed global trends and cautious buying by investors. International factors such as movements in the US dollar and expectations around interest rates are influencing gold prices.
Silver, however, showed some strength and moved up as demand remained steady, especially from industrial sectors.
Overall, the bullion market remained stable, with only minor changes in prices. Buyers and investors are closely watching global market signals and currency movements to understand the future trend in gold and silver prices.