Gold prices in India witnessed a marginal rise on Wednesday, while silver prices edged lower. The price of 24-carat gold increased by ₹10, taking the rate of 10 grams to ₹1,58,790 in key markets such as Mumbai and Kolkata. In Delhi, gold was priced slightly higher at ₹1,58,940, while Chennai recorded ₹1,59,050 for the same quantity.
Similarly, 22-carat gold prices also moved up by ₹10. Ten grams of 22-carat gold were priced at ₹1,45,560 in cities including Mumbai, Kolkata, Bengaluru and Hyderabad. In Delhi, the rate stood at ₹1,45,710, while Chennai saw a slightly higher price of ₹1,45,790.
In contrast, silver prices softened during the session. The price of one kilogram of silver fell by ₹100 to ₹2,89,900 in Delhi, Mumbai and Kolkata. In Chennai, silver continued to trade at a premium, priced at ₹2,99,900 per kilogram.
Market participants attributed the mixed trend to cautious investor sentiment and global economic cues. Gold continues to attract steady demand as a traditional safe-haven asset, especially during periods of uncertainty. However, the gains remain limited due to fluctuating global factors and profit booking at higher levels.
Silver, which has both investment and industrial demand components, tends to experience sharper price movements. The slight dip reflects subdued buying interest in the domestic market.