MCX gold futures were down 0.01% at ₹1,47,830 per 10 grams, while MCX silver futures slipped 0.19% to ₹2,37,250 per kilogram. The marginal decline reflects cautious trading as investors await fresh global economic cues before taking fresh positions.
In the retail market, gold prices remained largely unchanged. The 22K gold was available at ₹1,34,490 per 10 grams. Eighteen-carat (18K) gold was retailing at ₹1,10,040 per 10 grams, offering buyers a relatively affordable option compared with higher-purity variants.
Retail silver prices also remained broadly stable across major markets, although prices varied slightly from one city to another depending on local taxes and logistics costs.
Bullion prices continue to be influenced by global economic developments, including expectations surrounding interest rate decisions by major central banks, movements in the US dollar and ongoing geopolitical uncertainties. While gold remains a preferred safe-haven asset during periods of market volatility, a stronger dollar and higher bond yields have capped sharp gains in recent sessions.
Jewellers say customer enquiries have remained steady despite elevated prices. While some buyers are delaying large purchases in anticipation of a price correction, demand for lightweight jewellery and investment-grade coins continues to remain healthy. The upcoming festive and wedding season is also expected to provide further support to physical demand.