Gold prices in India moved marginally higher on Tuesday, continuing their firm trend in the domestic bullion market. According to market data, the price of 24-carat gold increased by ₹10, taking the rate to ₹1,61,960 per 10 grams. Silver also registered a small gain, rising ₹100 to trade at ₹3,60,100 per kilogram.
The price movement reflects steady buying interest and supportive global cues, even as daily fluctuations remain limited. In major cities such as Mumbai, Delhi, and Kolkata, 24-carat gold was largely priced at similar levels, while 22-carat gold rose to around ₹1,48,460 per 10 grams. Minor variations were seen across regions, with cities like Chennai quoting slightly higher rates.
Silver continued to trade near elevated levels, supported by both industrial demand and investment interest. In some southern markets, including Chennai, silver prices were higher than the national average, reflecting regional demand patterns.
Market experts say precious metals remain strong due to ongoing global economic uncertainty. Gold, in particular, continues to attract investors as a safe-haven asset amid concerns around inflation, interest rates, and geopolitical developments. International gold and silver prices have also been trading close to recent highs, providing support to domestic prices.
For consumers, elevated prices mean higher jewellery costs, especially during the wedding and festive season. However, traders note that small daily price changes, such as Tuesday’s increase, are part of a broader trend rather than sudden volatility.
Investors are closely watching global cues, including movements in the US dollar, interest rate signals from major central banks, and global economic data, all of which influence precious metal prices. Any sharp changes in these factors could impact gold and silver prices in the days ahead.
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