Gold and silver prices edged up slightly in the domestic market on Wednesday, reflecting steady demand for precious metals. The price of 24-carat gold increased by ₹10, taking the rate to ₹1,38,830 per 10 grams in major Indian cities. At the same time, 22-carat gold also rose by ₹10 and was priced at around ₹1,27,260 per 10 grams.
Silver prices also moved higher. The metal gained ₹100 per kilogram and was trading at ₹2,53,100 per kg in key markets such as Delhi, Mumbai and Kolkata. In Chennai, silver was priced higher at around ₹2,71,100 per kg, reflecting regional variations.
Market experts said the small rise in prices comes amid mixed global signals. While precious metals have seen strong gains in recent months due to safe-haven demand, global prices were slightly lower as investors booked profits. A firmer US dollar also put some pressure on international bullion prices.
Despite this, domestic gold and silver prices remain elevated, supported by ongoing investment interest and demand from jewellers. Gold has been trading close to record levels, while silver has shown stronger momentum compared to gold in recent weeks.
Traders said bullion prices are likely to remain volatile in the near term, tracking global market trends, currency movements and investor sentiment. Any major changes in global economic conditions could influence prices further in the coming days.
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