Gold and silver prices edged lower in domestic markets on Thursday as investors booked profits after the recent rally, although continued geopolitical uncertainty and expectations of steady safe-haven demand kept the broader outlook supportive for precious metals.
According to market data, 24-carat gold declined by ₹10 to ₹1,48,850 per 10 grams, while silver slipped ₹100 to ₹2,49,900 per kilogram. The decline comes after both metals touched elevated levels in recent sessions amid heightened global uncertainty.
Bullion markets remained cautious as traders assessed developments in international markets, including geopolitical tensions in the Middle East, movements in the US dollar and expectations regarding interest-rate decisions by major central banks.
The precious metal has witnessed strong buying support in recent months as investors sought protection against market volatility. Analysts noted that any further escalation of geopolitical tensions could trigger fresh demand for gold and push prices higher.
Silver also witnessed a modest correction during the session. However, experts believe the metal remains supported by robust industrial demand from sectors such as renewable energy, solar equipment, electronics and electric vehicle manufacturing. Its dual role as both an industrial and investment metal continues to support long-term price prospects.
Market participants are now closely watching upcoming economic indicators from major economies and signals from global central banks for cues on future bullion price movements. Changes in interest-rate expectations and currency trends are expected to remain key drivers for gold and silver in the near term.
The marginal decline was largely driven by profit booking rather than any major shift in fundamentals. Gold continues to attract investor interest as a safe-haven asset amid concerns over global economic growth, inflationary pressures and geopolitical risks.
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