Gold prices edged lower in the domestic bullion market on Thursday, while silver prices also witnessed a slight decline amid mixed global cues. According to market data, the price of 24-carat gold fell by ₹10 to ₹1,56,210 per 10 grams, while silver declined ₹100 to ₹2,79,900 per kilogram.
The price of 22-carat gold also recorded a marginal drop, with rates easing across major cities including Delhi, Mumbai, Kolkata and Chennai. Market participants said retail demand remained steady, though buyers continued to track price movements before making fresh purchases.
In the international market, gold prices found support from a weaker US dollar, which increased the appeal of the yellow metal among global investors. At the same time, hopes of easing tensions in the Middle East and softer crude oil prices influenced overall sentiment in commodity markets.
While gold continues to benefit from its status as a safe-haven asset, improving geopolitical conditions and reduced inflation concerns have capped significant gains. Silver, which is influenced by both investment demand and industrial consumption, also traded in a narrow range.
On the Multi Commodity Exchange (MCX), bullion futures remained largely stable, reflecting cautious investor sentiment. Traders are closely monitoring developments related to global economic growth, movements in the US dollar and geopolitical events for further direction in precious metal prices.
Despite the day’s marginal decline, gold continues to trade near record-high levels, supported by strong investment demand and global uncertainty. Silver, meanwhile, remains underpinned by its growing use in industrial sectors, particularly renewable energy and electronics.
Any major changes in monetary policy outlooks or geopolitical developments could impact the direction of gold and silver prices.
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