Gold and silver prices moved lower on Monday, bringing some relief for buyers after recent sharp fluctuations in precious metal rates. The decline was seen across major cities as domestic prices reacted to changing international trends and shifting investor sentiment.
According to market rates, 24-carat gold was trading around ₹1.57 lakh per 10 grams, while 22-carat gold was priced at nearly ₹1.44 lakh per 10 grams. Silver also witnessed a decline and was trading at around ₹2.6 lakh per kilogram in several markets.
The fall comes after a period of volatility in precious metal prices, with global developments continuing to influence domestic rates. Analysts said changing movements in international markets, along with fluctuations in the US dollar and investor activity, contributed to the decline.
Gold is often considered a safe investment during uncertain times, but prices can move in either direction depending on global economic conditions. Rising interest rate expectations and changes in international commodity markets have recently affected demand and pricing trends.
Despite the decline, jewellers said consumer interest remains strong, especially among people planning purchases for weddings and long-term investments. Many buyers closely track daily price movements before making decisions, particularly during periods of volatility.
Silver also remained under pressure during the session and followed the broader trend seen in precious metals. Market experts said silver prices usually react not only to investment demand but also to industrial consumption trends.
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