Gold prices edged lower on Friday, extending their recent decline, while silver also weakened as subdued global bullion trends continued to weigh on the precious metals market.
According to the latest market rates, 24-carat gold slipped ₹10 to ₹1,41,320 per 10 grams, while 22-carat gold eased to ₹1,29,540 per 10 grams. Silver also witnessed a marginal decline, falling ₹100 to ₹2,34,900 per kilogram.
Although the day’s correction was modest, the broader trend remains weak. Gold has been under pressure over the past few weeks as investors reassess the need for safe-haven assets amid improving global risk sentiment. Expectations of higher interest rates, firm bond yields and a stronger US dollar have also reduced the appeal of non-yielding assets like gold.
International bullion prices have also softened, with spot gold briefly slipping below the psychologically important $4,000-an-ounce mark before recovering slightly. Analysts say the metal could remain volatile in the near term as markets closely watch signals from the US Federal Reserve and upcoming economic data for clues on the interest-rate outlook.
Silver, which is influenced by both investment demand and industrial consumption, has also remained under pressure. Analysts believe its sharper swings compared to gold reflect concerns over global economic growth as well as reduced appetite for riskier commodities.
For jewellery buyers, the continued softness in prices may provide a better opportunity to make purchases after months of elevated rates. However, market experts advise consumers and investors to avoid making decisions based solely on short-term price movements, as precious metals are likely to remain sensitive to global economic developments and central bank policy decisions.
With uncertainty over the global interest-rate trajectory still lingering, bullion prices are expected to remain volatile, making international cues the key factor to watch in the coming weeks.
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