Gold prices in India saw a slight dip on Wednesday, reflecting short-term profit booking after recent gains. The price of 24‑carat gold fell by ₹10 to ₹1,61,940 per 10 grams, while 22‑carat gold also dropped by ₹10, trading at ₹1,48,440 per 10 grams.
City-wise, Mumbai and Kolkata recorded 24‑carat gold at ₹1,61,940, while Chennai’s rate was marginally higher. For 22‑carat gold, Mumbai, Kolkata, Bengaluru, and Hyderabad matched the national benchmark, with Chennai and Delhi slightly above it.
Silver bucked the trend, rising by ₹100 to trade at ₹3,70,100 per kilogram in Delhi, Kolkata, and Mumbai, with other cities recording slightly higher prices. Analysts say silver’s gains are driven by sustained industrial demand and strong investor interest, even as gold consolidates.
On the international front, US gold prices eased slightly after hitting recent peaks, reflecting a phase of profit-taking and market consolidation. Analysts note that minor fluctuations in bullion prices are influenced by global economic conditions, currency movements, and safe-haven demand amid geopolitical uncertainties.
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