Gold prices edged lower in the national capital on Friday, while silver also witnessed a decline amid subdued demand and mixed global cues.
According to the All India Sarafa Association, gold of 99.9 per cent purity slipped ₹10 to ₹1,49,500 per 10 grams. Gold of 99.5 per cent purity also declined ₹10 to ₹1,48,800 per 10 grams.
Silver prices fell by ₹100 to ₹2,59,900 per kilogram, extending losses from the previous session. Traders attributed the marginal decline to profit-booking and cautious sentiment in the bullion market.
Despite the slight correction, gold continues to trade near record levels, reflecting strong investor interest in safe-haven assets. Market participants remain focused on global economic indicators, inflation trends and central bank policy signals, which continue to influence bullion prices.
Jewellers said consumer demand has remained steady, particularly from households purchasing gold for weddings, festive occasions and long-term savings. However, elevated prices have prompted some buyers to postpone large purchases in anticipation of a correction.
Silver, which is influenced by both investment demand and industrial consumption, has also remained volatile in recent weeks. Market experts expect prices of both metals to remain sensitive to developments in international markets, currency movements and economic data releases.
For many Indian households, gold continues to be viewed as a dependable store of value and a traditional investment avenue. Even as prices fluctuate, the yellow metal remains a preferred choice for preserving wealth during uncertain times.
With global markets closely watching economic and geopolitical developments, bullion traders expect gold and silver prices to witness further movement in the coming weeks, keeping investors and consumers attentive to daily price trends.
Analysts noted that gold has remained resilient despite easing geopolitical tensions in parts of West Asia. Concerns over global economic growth and uncertainty surrounding interest rate trajectories have continued to support demand for the precious metal.
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