Gold and silver prices edged lower on Wednesday, with bullion continuing to face pressure from weak global trends and a firm US dollar.
In the domestic market, gold prices dipped by ₹10 to ₹1,44,590 per 10 grams, while silver slipped ₹100 to trade at ₹2,44,900 per kilogram. The decline comes after a stretch of volatility in precious metals, as investors weighed global economic signals and shifting expectations around interest rates.
The softer tone in bullion markets was largely driven by a stronger dollar, which makes gold more expensive for buyers holding other currencies. At the same time, hopes of tighter monetary policy in the US have reduced the appeal of non-yielding assets such as gold and silver.
Silver has seen sharper swings than gold in recent sessions, reflecting both investment demand and its industrial use. Traders say that makes the metal more sensitive to changes in global growth outlook, factory activity and commodity market sentiment.
Even so, jewellers and retail buyers are still watching the correction closely. For many households, lower prices are seen as a chance to buy for weddings, festivals or long-term savings. Some analysts believe physical demand could improve if prices stay at these levels or soften further.
Market participants also pointed to easing geopolitical worries and improved risk appetite in equity markets, which have taken some shine off safe-haven buying. When investors feel more comfortable taking risks, demand for precious metals often cools.
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