Gold prices in India remained firm above ₹1.50 lakh per 10 grams on Friday despite early selling pressure triggered by weak global cues. On the Multi Commodity Exchange (MCX), gold futures slipped marginally but held key support levels, supported by steady domestic demand.
Silver prices, which fell sharply in early trade, rebounded to around ₹2.35 lakh per kilogram as investors stepped in to buy at lower levels following the initial slump caused by profit-booking.
City-wise prices reflected the overall firmness in bullion markets. 24-carat gold traded above ₹1.54 lakh per 10 grams in major cities such as Delhi, Mumbai, Bengaluru and Kolkata, while Chennai quoted slightly higher rates. 22-carat gold hovered between ₹1.41 lakh and ₹1.43 lakh per 10 grams across key urban centres. Silver prices were largely steady across metros, trading in the range of ₹2.46–2.47 lakh per kilogram in cities including Mumbai, Delhi, Chennai and Bengaluru.
Market sentiment remained cautious as traders tracked global economic indicators, particularly upcoming US jobs data and interest-rate cues, which could influence precious metal prices in the near term.
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