Tag: GoldPricesToday

Gold and silver prices witnessed mixed movement on Friday, July 10, with domestic futures reflecting cautious sentiment in the bullion market. MCX gold was trading 0.28% lower at ₹145,460 per 10 grams, while MCX silver futures edged 0.10% higher to ₹227,160 per kg.

In the retail market, however, gold prices remained largely stable across major cities. In Delhi, 24-carat gold was priced at around ₹145,800 per 10 grams, while 22-carat gold stood at ₹133,650. Similar price trends were seen in Mumbai and Kolkata, with only minor variations due to local taxes and transportation costs. Retail silver (999 purity) continued to trade above ₹2.26 lakh per kg.

The mixed trend comes as investors weigh global economic developments, including expectations around interest rates, inflation and geopolitical uncertainties. These factors continue to influence the movement of precious metals, with gold often attracting investors during periods of uncertainty, while silver benefits from both safe-haven demand and its industrial applications.

Jewellers said stable retail prices are encouraging buyers who have been waiting for a pause in recent volatility. Demand for jewellery and investment purchases is expected to remain steady, supported by the upcoming festive and wedding season. However, many consumers are still comparing prices before making large purchases.

Market analysts believe bullion prices could remain volatile in the near term as investors closely monitor global cues and movements in the US dollar. Any fresh signals from major central banks or changes in inflation expectations may influence the direction of gold and silver prices.

For buyers, experts recommend checking BIS hallmark certification, comparing prices across retailers and factoring in making charges before purchasing jewellery.

Also Read: Truecaller CEO slams TRAI rules

Gold and silver prices traded lower on Thursday, extending their recent decline amid weak global cues and cautious investor sentiment. On the Multi Commodity Exchange (MCX), gold futures for August delivery slipped to ₹1,43,940 per 10 grams, while silver futures fell  to ₹2,22,450 per kg. Yesterday gold was placed at ₹145,350 while silver futures stood at ₹230,160.

The latest correction comes after precious metals witnessed a strong rally over the past few months, prompting many buyers to delay purchases in anticipation of lower prices. Thursday’s decline encouraged some retail demand, although overall buying remained cautious.

Analysts attributed the fall in bullion prices to a stronger US dollar and uncertainty over the US Federal Reserve’s interest rate outlook, which reduced the appeal of non-yielding assets such as gold. Persistent geopolitical tensions, volatile crude oil prices and mixed global market sentiment also kept investors on the sidelines, resulting in profit booking across precious metals.

Silver, which has outperformed gold in recent months, continued to witness selling pressure as traders locked in gains. In Maharashtra and several other states, retail silver prices also softened in line with the decline in MCX futures and international markets.

Also Read: India hosts 180 retail GCCs, leads globally

Gold prices remained steady in the domestic retail market on Tuesday, while silver futures traded lower on the Multi Commodity Exchange (MCX), reflecting cautious investor sentiment amid mixed global cues.

According to the latest retail rates, 24-carat gold was priced at ₹145,350 per 10 grams, while 22-carat gold continued to trade above ₹133,000 in major cities. Silver (999 purity) was quoted at around ₹245,000 per kilogram in the physical market, with prices varying slightly across locations due to local taxes and jewellers’ margins.

On the MCX, gold futures witnessed limited movement during early trade, indicating a stable trend in the precious metals market. MCX silver futures, however, slipped about 0.39% to ₹230,160 per kg at around 9:13 am, as traders reacted to a firmer US dollar and expectations around the US Federal Reserve’s interest rate path.

In Maharashtra, silver prices remained largely unchanged across key cities, with jewellers reporting steady enquiries but measured buying activity. Market participants said many consumers are waiting for a clearer price trend before making fresh purchases, although demand for weddings and upcoming festive occasions continues to lend support to the bullion market.

Analysts believe precious metals are currently moving within a narrow range as investors assess global economic data, bond yields and currency movements. While higher interest rates typically reduce the appeal of non-yielding assets like gold, ongoing geopolitical uncertainties and economic concerns continue to underpin safe-haven demand.

Also Read: Sensex falls over 450 points, Nifty drops below 24,250

Gold and silver prices edged lower across India on Tuesday, offering slight relief to jewellery buyers after recent volatility in the bullion market. Softer international prices, coupled with a stronger US dollar and rising Treasury yields, weighed on sentiment, keeping domestic bullion rates under pressure.

According to the latest retail rates, 24-carat gold in Delhi was priced at ₹1,46,160 per 10 grams, while 22-carat gold stood at ₹1,33,980. In Mumbai, 24-carat gold was retailing at ₹1,46,410, with 22-carat gold at ₹1,34,209. Kolkata reported 24-carat gold at ₹1,46,210 and 22-carat gold at ₹1,34,026. Chennai recorded the highest among major metros, with 24-carat gold at ₹1,46,720 and 22-carat gold at ₹1,34,493 per 10 grams.

Silver prices also softened. The 999-purity metal was quoted at ₹2,33,100 per kg in Delhi, ₹2,33,500 in Mumbai, ₹2,33,190 in Kolkata and ₹2,33,700 in Chennai. The decline reflected weakness in international precious metal markets as investors turned cautious ahead of key US Federal Reserve policy signals.

On the futures market, MCX gold traded about 0.52% lower at ₹1,46,640 per 10 grams, while MCX silver futures fell around 1.3% to ₹2,33,340 per kg during morning trade. Analysts attributed the decline to a stronger dollar, which makes gold more expensive for overseas buyers, and higher US bond yields that reduce the appeal of non-interest-bearing assets such as gold.

Also Read: Sensex climbs 300 points, Nifty trades above 24,500

MCX gold futures were down 0.01% at ₹1,47,830 per 10 grams, while MCX silver futures slipped 0.19% to ₹2,37,250 per kilogram. The marginal decline reflects cautious trading as investors await fresh global economic cues before taking fresh positions.

In the retail market, gold prices remained largely unchanged. The 22K gold was available at ₹1,34,490 per 10 grams. Eighteen-carat (18K) gold was retailing at ₹1,10,040 per 10 grams, offering buyers a relatively affordable option compared with higher-purity variants.

Retail silver prices also remained broadly stable across major markets, although prices varied slightly from one city to another depending on local taxes and logistics costs.

Bullion prices continue to be influenced by global economic developments, including expectations surrounding interest rate decisions by major central banks, movements in the US dollar and ongoing geopolitical uncertainties. While gold remains a preferred safe-haven asset during periods of market volatility, a stronger dollar and higher bond yields have capped sharp gains in recent sessions.

Jewellers say customer enquiries have remained steady despite elevated prices. While some buyers are delaying large purchases in anticipation of a price correction, demand for lightweight jewellery and investment-grade coins continues to remain healthy. The upcoming festive and wedding season is also expected to provide further support to physical demand.

Also Read: Sensex gains over 300 points, Nifty tops 24,300

The sharp decline in gold and silver prices over the past month has caught the attention of investors looking for attractive entry points. While the correction has made precious metals more affordable, market watchers say the focus should remain on long-term investing rather than chasing short-term gains.

Gold is currently trading at ₹1,45,789 per 10 grams, while silver stands at ₹2,33,701 per kg on the Multi Commodity Exchange (MCX). Over the past month, gold prices have fallen 5.65%, slipping from ₹1,54,529 per 10 grams, while silver has dropped 10.78% from ₹2,61,939 per kg.

The decline comes after a strong rally earlier this year. Profit booking by investors, easing global tensions and changing expectations over interest rate cuts in the United States have all contributed to the recent correction in bullion prices.

Despite the fall, the broader outlook for gold remains encouraging. Strong demand from central banks, concerns over the global economy and expectations of easier monetary policy are expected to continue supporting prices over the long term.

Financial advisers believe the current dip should be seen as an opportunity to accumulate gradually instead of making large one-time investments. Buying in smaller quantities over a period of time can help investors manage market volatility while averaging their purchase cost.

Silver is expected to remain more volatile than gold because of its dual role as both an investment asset and an industrial metal. While it offers the potential for higher returns, it is also more vulnerable to sharp price movements. Investors are therefore advised to build exposure in phases rather than investing aggressively.

Also Read: ITC launches sugar-free cola

Gold and silver prices edged higher across India on Friday, supported by firm global trends and renewed safe-haven demand after weaker-than-expected US economic data strengthened expectations of a pause in interest rate hikes.

According to the latest retail rates, 24-carat gold was priced at around ₹1.47 lakh per 10 grams in most major cities, while 22-carat gold traded above ₹1.35 lakh. Silver also remained firm, with 999 purity silver quoted at over ₹2.36 lakh per kilogram.

In Delhi, 24-carat gold was available at ₹1,47,730 per 10 grams, while 22-carat gold was priced at ₹1,35,419. Mumbai recorded slightly higher rates, with 24-carat gold at ₹1,47,990 and 22-carat gold at ₹1,35,658. In Kolkata, 24-carat gold stood at ₹1,47,740, while the 22-carat variety was priced at ₹1,35,428. Chennai continued to report among the highest prices, with 24-carat gold selling at ₹1,48,360 per 10 grams.

Silver prices also remained elevated across the country. The metal was retailing at ₹2,36,730 per kg in Delhi, ₹2,37,130 in Mumbai, ₹2,36,700 in Kolkata, and ₹2,37,710 in Chennai, reflecting strong global momentum and steady domestic demand.

The rise in bullion prices comes as global investors shifted towards safe-haven assets after fresh US labour market data pointed to a slowing economy. The data reinforced hopes that the US Federal Reserve may delay further interest rate hikes, making non-interest-bearing assets like gold more attractive. A weaker US dollar also supported international bullion prices, which in turn lifted domestic rates.

Also Read: Sensex soars 500 points, Nifty crosses 24,300 mark

Gold and silver prices traded higher on Thursday, extending their recovery as investors returned to precious metals amid persistent global uncertainty. On the Multi Commodity Exchange (MCX), gold was trading at around ₹1,44,850 per 10 grams, while silver was quoted at nearly ₹2,24,930 per kilogram, reflecting renewed buying interest after recent losses.

The rally was driven by a combination of easing crude oil prices, expectations of a softer US interest rate stance and a weaker dollar outlook. These factors enhanced the appeal of bullion as a safe-haven investment, encouraging traders to increase their exposure to gold and silver.

In the physical market, bullion prices also remained firm across major cities. Twenty-four-carat gold was priced at approximately ₹1,44,550 per 10 grams, while 22-carat gold traded around ₹1,32,500 per 10 grams. Silver prices also edged higher, with retail rates varying slightly across cities due to local taxes and dealer margins.

Market participants believe gold is gradually recovering after witnessing a sharp correction in June. However, analysts expect price movements to remain volatile as investors continue to track global economic data, inflation trends and signals from major central banks.

Silver, meanwhile, continued to attract buying support on hopes of improving industrial demand alongside its traditional appeal as a precious metal. Experts believe the metal could remain resilient if manufacturing activity picks up and global economic conditions stabilise further.

Also Read: Sensex gains over 250 points, Nifty tops 24,150

Gold and silver prices eased across India on Wednesday, July 1, giving buyers a slight breather.

According to the latest retail rates, 24-carat gold was priced at ₹1,41,100 per 10 grams in Delhi, while 22-carat gold was selling at ₹1,29,343. In Mumbai, the price of 24-carat gold stood at ₹1,41,340, while 22-carat gold was available at ₹1,29,562 per 10 grams.

In Kolkata, 24-carat gold was priced at ₹1,41,330, and 22-carat gold at ₹1,29,553. Chennai recorded the highest rates among the major cities, with 24-carat gold selling at ₹1,41,930 and 22-carat gold at ₹1,30,103 per 10 grams.

Silver prices also moved lower. One kilogram of 999 purity silver was priced at ₹2,23,730 in Delhi, ₹2,24,120 in Mumbai, ₹2,23,740 in Kolkata, and ₹2,24,690 in Chennai.

The fall was also seen in the futures market. Gold futures for August delivery were trading at around ₹1,41,600 per 10 grams, while silver futures were quoted at about ₹2,24,520 per kilogram during the morning session.

Gold prices usually move in line with global trends. This time, the stronger US dollar and expectations that the US Federal Reserve may keep interest rates high have put pressure on bullion prices. Investors are also waiting for key economic data from the US, which could decide how gold and silver prices move in the coming days.

For people planning to buy jewellery, today’s lower prices may be good news. However, the final amount paid at jewellery stores will also include making charges, GST and other local costs, so buyers should check the latest rates before making a purchase.

Also Read: Sensex climbs 450 points, Nifty reclaims 24,000

Gold and silver prices remained under pressure on Tuesday, June 30, with weakness in the futures market mirrored by a slight decline in retail bullion rates across major Indian cities. While the fall in physical gold prices was modest, investors continued to track global developments that are influencing precious metal markets.

On the Multi Commodity Exchange (MCX), gold for August delivery was trading 1.3 per cent lower at ₹1,40,950 per 10 grams, while silver futures slipped 1.08 per cent to ₹2,20,670 per kilogram at around 9:13 am.

In the retail market, 24-carat gold was priced at ₹98,880 per 10 grams in Delhi, while 22-carat gold was selling at ₹90,650. In Mumbai and Kolkata, 24-carat gold was available at ₹98,730 per 10 grams, with 22-carat gold priced at ₹90,500. Other major cities, including Chennai, Bengaluru and Hyderabad, also recorded similar rates, with slight differences due to local taxes and transportation costs.

Retail silver prices remained steady at around ₹1,10,000 per kilogram in Delhi, Mumbai, Kolkata and several other major cities, despite the decline in MCX futures.

Market participants said bullion prices continue to react to international factors such as movements in the US dollar, expectations surrounding interest rate decisions by major central banks and geopolitical developments. A stronger dollar generally puts pressure on gold prices by making the metal more expensive for overseas buyers, while changing global risk sentiment also influences investor demand for safe-haven assets.

Jewellers said stable retail prices have kept customer interest intact, particularly among those planning purchases for weddings, festive occasions and long-term investment. However, buyers have been advised to compare prices across jewellers, as making charges, GST and local levies can significantly increase the final purchase cost.

Also Read: Rupee falls 7 paise to 94.58 against dollar