Gold and silver prices witnessed a slight decline in early trade on Tuesday, reflecting a minor correction in the bullion market after recent gains. The price of 24-carat gold slipped by ₹10 to ₹1,61,670 per 10 grams, while silver dropped by ₹100 to ₹2,79,900 per kilogram.
The price of 22-carat gold also fell marginally by ₹10, bringing it down to around ₹1,48,190 per 10 grams. Despite the small dip, gold continues to trade near record levels following strong demand in recent weeks.
Across major Indian cities, gold prices remained largely steady with only slight variations. In cities such as Mumbai, Bengaluru and Hyderabad, 24-carat gold was priced at around ₹1,61,670 per 10 grams. In Delhi, the price was slightly higher at about ₹1,61,820 per 10 grams. Chennai and Kolkata recorded relatively higher prices, with gold trading above ₹1,63,000 per 10 grams.
Silver prices also edged lower during the session. The white metal declined by ₹100 to ₹2,79,900 per kilogram in the domestic market. However, prices remain elevated compared with earlier levels, reflecting strong investor interest in precious metals.
The recent movement in bullion prices comes after a sharp rally driven largely by global uncertainties. Ongoing geopolitical tensions in the Middle East have pushed investors toward safe-haven assets such as gold and silver. During times of uncertainty, precious metals often attract higher demand as they are considered relatively stable investments.
At the same time, fluctuations in the US dollar and global commodity markets continue to influence domestic bullion prices. Market experts note that small corrections are common after a strong rally, as some investors choose to book profits.