Gold prices edged lower on Monday, offering slight relief to buyers after recent volatility in the bullion market. The decline was modest, but it reflected cautious sentiment among investors as they tracked global economic developments and movements in international precious metal prices.
According to the latest rates released by the India Bullion and Jewellers Association (IBJA), 24-carat gold slipped by ₹10 to ₹1,46,070 per 10 grams. Other gold categories also witnessed minor declines. The price of 22-carat gold stood at ₹1,33,800 per 10 grams, while 18-carat gold was quoted at ₹1,09,553 per 10 grams. Despite the small correction, gold continues to trade near record-high levels.
Silver prices also weakened during the session. The white metal fell by ₹100 and was trading at ₹2,49,900 per kilogram, reflecting cautious sentiment in the commodities market. Analysts said silver remains sensitive to both industrial demand expectations and broader global economic signals.
The latest movement comes after precious metals witnessed sharp swings in recent weeks. Investors have been closely monitoring geopolitical developments, inflation trends and expectations regarding interest-rate decisions by major central banks. These factors continue to influence demand for safe-haven assets such as gold and silver.
For retail buyers, especially those planning jewellery purchases for weddings or upcoming festive occasions, the slight decline may provide a small opportunity to enter the market. However, jewellers advise consumers to keep an eye on daily price movements, as bullion rates can change quickly in response to international developments.
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