Gold prices showed minor variation across major cities. In Mumbai and Kolkata, 24-carat gold was quoted at ₹1,37,990 per 10 grams, while Delhi saw slightly higher levels at ₹1,38,140. Chennai continued to trade at a premium, with 24-carat gold priced at ₹1,39,080 per 10 grams. Prices of 22-carat gold followed a similar trend across regions.
Silver prices also softened, with one kilogram declining by ₹100 to ₹2,51,900 in most markets. Chennai again reported higher rates, with silver trading at ₹2,71,900 per kilogram, reflecting regional demand and local levies.
Market participants attributed the mild correction in precious metal prices to cautious trading ahead of key global economic data and a firm US dollar. Internationally, gold prices have seen some profit-taking after hovering near record highs, while silver has also faced pressure amid expectations of tighter global financial conditions.
Experts note that while short-term movements remain range-bound, gold continues to attract investor interest as a hedge against geopolitical uncertainty and inflation. Domestic prices may continue to fluctuate in the near term, tracking global trends, currency movements, and changes in international bullion markets.
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