Gold and silver prices in the domestic market recorded marginal gains in early trade on Tuesday, tracking cautious global sentiment and steady investor demand. Twenty-four carat gold rose by ₹10 to trade at ₹1,57,920 per 10 grams, while silver gained ₹100 to settle at ₹3,00,100 per kilogram, according to latest commodity market data.
The slight uptick in prices comes at a time when global markets remain volatile, with investors closely monitoring upcoming economic data from the United States, including inflation and employment numbers. Movements in the US dollar and expectations around interest rate decisions have also influenced bullion prices.
Across major Indian cities, gold prices remained largely uniform. In Mumbai and Kolkata, 24-carat gold was priced at ₹1,57,920 per 10 grams, while Delhi saw prices slightly higher at around ₹1,58,070 per 10 grams. Chennai continued to quote gold at a premium, with prices touching ₹1,59,830 per 10 grams.
Prices of 22-carat gold, commonly used for jewellery, also moved up by ₹10. The yellow metal was trading at ₹1,44,760 per 10 grams in cities such as Mumbai, Kolkata, Bengaluru and Hyderabad. In Chennai, 22-carat gold was priced at ₹1,46,510 per 10 grams, while Delhi quoted the metal at ₹1,44,910.
Silver prices showed modest strength but remained range-bound. The white metal was trading at ₹3,00,100 per kg in key markets including Delhi, Mumbai, Kolkata and Chennai. Market participants noted that silver prices continue to witness volatility due to fluctuations in industrial demand and global commodity trends.
In the international market, precious metals were trading on a weaker note. Spot gold slipped to around $5,016 an ounce, easing from recent record highs, while spot silver also saw mild pressure.
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