Gold prices registered a slight increase in the domestic market on Thursday, with the metal trading at ₹1,56,500 per 10 grams, up by ₹10 from the previous session. Silver also moved higher, gaining ₹100 to ₹2,70,100 per kilogram, reflecting a modest but steady trend in the bullion segment.
The rise in gold prices was seen across major cities, with 22-carat gold priced around ₹1,43,450 per 10 grams, while retail rates varied marginally depending on local levies and jewellers’ margins. Chennai continued to record higher price levels compared to Delhi, Mumbai and Kolkata, in line with its traditional premium in bullion trade.
Silver prices remained largely uniform in key markets, trading close to ₹2.70 lakh per kg. Market participants attribute the metal’s firmness to consistent industrial demand and supportive international trends.
Analysts say the domestic bullion market is closely tracking global signals, particularly the movement of the US dollar and international gold rates. The yellow metal continues to draw interest as a safe-haven investment amid ongoing economic uncertainties, which has helped prices remain near elevated levels despite only small day-to-day changes.
Jewellers noted that retail buying is steady, supported by the ongoing wedding season and long-term investment demand. However, high prices have prompted many customers to opt for lighter jewellery or staggered purchases instead of bulk buying.
While the latest increase is marginal, bullion prices have remained significantly higher compared to previous years, underlining the strong underlying sentiment in precious metals. Traders expect the market to remain range-bound in the near term, with any sharp movement likely to be driven by global macroeconomic data, inflation trends and central bank policy signals.
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