Gold prices continued to remain high across Indian markets on Friday, keeping both investors and jewellery buyers focused on the bullion market. The price of 24-carat gold was around ₹1.64 lakh per 10 grams, while 22-carat gold was trading near ₹1.51 lakh per 10 grams. Silver prices also witnessed movement during the day, reflecting continued volatility in the precious metals segment.
While price changes during the session were limited, gold has remained at elevated levels over the past few weeks. For many consumers planning jewellery purchases, especially for weddings and special occasions, higher prices have resulted in more cautious buying decisions. Several buyers are choosing to wait and watch in the hope of more stable rates.
Silver, meanwhile, followed a mixed trend. Unlike gold, silver prices are influenced not only by investment demand but also by industrial usage. The metal is widely used in sectors such as electronics, renewable energy and manufacturing, making it more sensitive to changes in economic activity.
Gold traditionally attracts attention during periods of uncertainty, as many investors consider it a safer investment option. Changes in the value of the US dollar and fluctuations in international commodity markets also continue to influence domestic prices.
Jewellers said customer enquiries remain active, but purchasing patterns have become more cautious because of high rates. While demand has not disappeared, many consumers are taking a wait-and-see approach before making large purchases.
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