Gold and silver prices edged lower in the Indian market on Monday, reflecting muted global trends and cautious investor sentiment.
The price of 24-carat gold slipped by ₹10 per 10 grams, settling at ₹1,30,140 in major cities such as Mumbai and Kolkata. Meanwhile, 22-carat gold also saw a minor reduction, trading at around ₹1,19,290 per 10 grams. The slight dip in gold prices comes after recent sessions of mixed movement, as the market continues to react to global economic developments.
Silver witnessed a comparatively steeper fall. The price of silver dropped by ₹100 per kilogram, with the metal trading at ₹1,89,900 per kg. Traders noted that silver tends to be more volatile than gold due to its dual role as both an investment asset and an industrial metal, making its prices more sensitive to global demand and manufacturing trends.
Market experts said the decline in precious metal prices is largely influenced by expectations around interest rate policies in the United States. When interest rates are expected to remain high or rise further, non-yielding assets like gold and silver usually see reduced demand. Additionally, movements in the US dollar and global bond yields continue to impact bullion prices worldwide.
Despite the small correction, analysts believe the long-term outlook for gold remains positive due to ongoing geopolitical tensions and economic uncertainty in several parts of the world. Many investors still view gold as a safe-haven asset during periods of instability.
In the coming days, prices of gold and silver are expected to remain volatile as markets react to upcoming global economic data, central bank signals, and fluctuations in currency and crude oil prices.
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