Gold and silver prices edged higher across India on Friday, supported by firm global trends and renewed safe-haven demand after weaker-than-expected US economic data strengthened expectations of a pause in interest rate hikes.
According to the latest retail rates, 24-carat gold was priced at around ₹1.47 lakh per 10 grams in most major cities, while 22-carat gold traded above ₹1.35 lakh. Silver also remained firm, with 999 purity silver quoted at over ₹2.36 lakh per kilogram.
In Delhi, 24-carat gold was available at ₹1,47,730 per 10 grams, while 22-carat gold was priced at ₹1,35,419. Mumbai recorded slightly higher rates, with 24-carat gold at ₹1,47,990 and 22-carat gold at ₹1,35,658. In Kolkata, 24-carat gold stood at ₹1,47,740, while the 22-carat variety was priced at ₹1,35,428. Chennai continued to report among the highest prices, with 24-carat gold selling at ₹1,48,360 per 10 grams.
Silver prices also remained elevated across the country. The metal was retailing at ₹2,36,730 per kg in Delhi, ₹2,37,130 in Mumbai, ₹2,36,700 in Kolkata, and ₹2,37,710 in Chennai, reflecting strong global momentum and steady domestic demand.
The rise in bullion prices comes as global investors shifted towards safe-haven assets after fresh US labour market data pointed to a slowing economy. The data reinforced hopes that the US Federal Reserve may delay further interest rate hikes, making non-interest-bearing assets like gold more attractive. A weaker US dollar also supported international bullion prices, which in turn lifted domestic rates.
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