Gold and silver prices in the domestic market moved marginally lower on Monday, reflecting a mild correction after recent strong gains. According to market data, the price of 24-carat gold dipped by ₹10, with ten grams trading at ₹1,33,900. At the same time, silver prices declined by ₹100, with one kilogram quoted at ₹1,97,900.
The slight fall was seen across major cities. In Mumbai and Kolkata, 24-carat gold was priced at around ₹1,33,900 per ten grams, while Chennai recorded a slightly higher rate of ₹1,34,940. In the national capital Delhi, gold was selling at approximately ₹1,34,060 per ten grams. Prices of 22-carat gold also eased by ₹10 and were trading at about ₹1,22,740 per ten grams in most markets.
Silver prices followed a similar trend, with the metal trading lower in key urban centres. Despite the dip, silver continues to remain near elevated levels compared to the start of the year, supported by both investment interest and industrial demand.
Market experts said the modest decline is largely due to profit-booking at higher levels, as gold and silver have rallied sharply in recent weeks. Precious metals have benefited from global uncertainty, central bank policy expectations, and movements in the U.S. dollar and bond yields.
Internationally, gold prices have remained firm despite short-term fluctuations, supported by safe-haven demand. However, traders remain cautious ahead of key global economic data and central bank signals, which could influence near-term price direction.
Analysts note that while daily price movements may remain volatile, the broader outlook for gold continues to be positive in the medium term, especially amid ongoing geopolitical risks and expectations of easier monetary conditions. Silver, meanwhile, is expected to stay sensitive to global growth signals and industrial demand trends.
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