Gold prices saw a slight decline on Monday, while silver also edged lower amid mixed trends in domestic and international markets. Despite the correction remaining limited, investors continued to closely monitor global developments and commodity market movements for fresh direction.
Gold prices slipped by ₹10 in the national capital market, with 24-carat gold trading at around ₹1,59,050 per 10 grams. Silver prices also moved lower and declined by ₹100 to trade near ₹2,84,900 per kilogram.
Across major cities including Delhi, Mumbai, Chennai and Bengaluru, retail gold prices showed only marginal differences due to local taxes and other charges. Prices of both 24-carat and 22-carat gold largely remained stable during the day, indicating limited fluctuations in the physical market.
Despite the slight fall, gold continues to trade at elevated levels after witnessing strong gains in recent weeks. Market analysts said the yellow metal remains sensitive to global economic developments, especially changes in the US dollar, interest rate expectations and geopolitical uncertainties.
Gold is widely viewed as a safe-haven asset, and investors often turn to it during periods of uncertainty. As a result, even small changes in global sentiment can influence prices.
Silver, meanwhile, remained under pressure as market participants assessed both investment demand and industrial consumption trends. Unlike gold, silver prices are influenced not only by investor activity but also by industrial demand, which often results in sharper movements.
Jewellers said demand in the domestic market remained steady despite higher price levels. Buying interest linked to the ongoing wedding season and long-term investment demand has continued to support the market.
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