Gold and silver prices showed mixed movement in India on Friday. Gold slipped slightly, with 24-carat gold trading at around ₹12,785 per gram, down about ₹80 from the previous day. The 22-carat variant also fell a little to roughly ₹11,720 per gram.
Silver, however, moved higher. Prices rose by ₹100 to about ₹1,73,100 per kilogram, continuing its stronger trend seen over recent sessions.
A slightly weaker US dollar in global markets helped limit gold’s downside and added some support to silver. Traders believe that domestic demand, currency movements, and festival-season buying will influence price trends in the coming days.
Market participants say the small decline in gold is due to continued uncertainty over global interest-rate decisions. Higher interest rates usually reduce the appeal of gold, which does not offer any yield. Silver, on the other hand, is getting support from both investor demand and industrial use, helping it hold a firmer tone.
Overall, the precious-metals market remains steady, with silver showing more strength than gold for now. If global cues stay stable, prices are expected to move in a narrow range with mild day-to-day changes.
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