Tag: SilverPricesToday

Gold and silver prices slipped on Thursday, offering some respite to jewellery buyers after the precious metals rallied in recent sessions.

According to the latest rates released by the India Bullion and Jewellers Association (IBJA), 24-carat gold (999 purity) fell by ₹590 to ₹145,880 per 10 grams from the previous day’s closing price of ₹146,470. Silver also registered a notable decline, dropping ₹2,020 to ₹226,970 per kilogram, compared with ₹228,990 in the previous session.

The fall follows a strong rally in bullion prices over the past few days, when gold climbed to a two-week high on the back of safe-haven demand. Global investors had turned to precious metals amid heightened geopolitical tensions, uncertainty over international trade policies and concerns about inflation.

For Indian consumers, the latest correction comes as welcome news, especially for those planning jewellery purchases ahead of the festive and wedding season. Jewellers say enquiries have increased as customers who delayed purchases during the recent price surge are once again evaluating the market.

“Whenever gold prices correct after a sharp rise, many retail buyers step in. People buying for weddings or family functions often use such dips as an opportunity,” said a bullion dealer in Mumbai.

Retail gold prices vary across cities because they include GST, making charges and local taxes. As a result, jewellery prices in Delhi, Mumbai, Chennai, Kolkata and other cities differ slightly from the benchmark bullion rates announced by the IBJA. Buyers are advised to compare prices, verify hallmark certification and understand making charges before making a purchase.

International factors continued to dominate market sentiment. Spot gold eased after touching a two-week high as traders booked profits ahead of major economic events. Investors are now focused on the US Federal Reserve’s policy decision and commentary on inflation and interest rates. Although the central bank is widely expected to keep benchmark interest rates unchanged, markets are keenly awaiting signals on the future direction of monetary policy.

Interest rates have a significant influence on gold prices. Higher interest rates increase the returns on fixed-income investments, making non-yielding assets such as gold relatively less attractive. Conversely, expectations of lower rates generally support bullion prices by reducing the opportunity cost of holding gold.

Apart from the Federal Reserve meeting, investors are also tracking movements in the US dollar and crude oil prices. A weaker dollar typically supports gold by making it cheaper for buyers using other currencies. However, rising crude oil prices have renewed inflation concerns, creating uncertainty over how quickly central banks may ease monetary policy.

Silver also remained under pressure during the session. Unlike gold, silver is influenced not only by investment demand but also by industrial consumption. The metal is widely used in electronics, solar panels, electric vehicles and several manufacturing sectors. As a result, changes in global industrial activity often have a greater impact on silver prices than on gold.

Despite Wednesday’s decline, market experts believe the long-term outlook for bullion remains constructive. Continued geopolitical tensions, central bank purchases of gold and uncertainty surrounding global economic growth are expected to provide support to precious metal prices over the coming months.

Financial planners advise investors not to react to short-term price movements. Instead, they recommend accumulating gold gradually through systematic investment plans in gold exchange-traded funds (ETFs), digital gold or physical purchases aligned with long-term financial goals. Those buying jewellery are also encouraged to focus on purity and certified hallmarked products rather than trying to perfectly time the market.

Analysts expect bullion prices to remain volatile in the coming weeks as investors respond to fresh inflation data, central bank statements and developments in global trade and geopolitics. Any unexpected policy announcements or escalation in international conflicts could quickly alter the direction of gold and silver prices.

For now, Wednesday’s correction has provided a brief breather for buyers after the recent surge in bullion prices. Whether the decline continues or proves temporary will largely depend on upcoming global economic cues and investor sentiment in the days ahead.

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Gold prices remained firm on Thursday as MCX gold futures traded higher in early trade, while silver futures edged marginally lower amid cautious investor sentiment. Despite mixed movement in the futures market, retail bullion prices across major Indian cities remained elevated, reflecting continued demand for precious metals as investors tracked global economic developments and interest rate expectations.

On the Multi Commodity Exchange (MCX), gold futures were trading 0.31% higher at ₹1,41,220 per 10 grams on 17 July. Meanwhile, MCX silver futures slipped 0.04% to ₹2,15,950 per kilogram at around 9:13 am, indicating mild profit booking after the metal’s recent rally.

The rise in MCX gold prices came even as physical bullion rates remained largely stable across the country. Analysts said domestic gold futures continued to mirror global trends, with safe-haven demand supporting prices amid uncertainty over the global economic outlook, inflation concerns and expectations surrounding future interest rate decisions by major central banks.

According to the latest retail bullion rates, 24-carat gold was priced at ₹1,43,430 per 10 grams in Delhi, while 22-carat gold stood at ₹1,31,490 per 10 grams. In Mumbai and Kolkata, 24-carat gold was retailing at ₹1,43,280 per 10 grams, while 22-carat gold was priced at ₹1,31,340 per 10 grams.

Jewellers said customer enquiries have remained healthy even with gold trading at record-high levels. While some buyers are delaying large jewellery purchases in anticipation of a correction, demand for lightweight ornaments, gold coins and bars continues to remain steady, particularly among long-term investors and those preparing for the upcoming festive and wedding season.

For now, the rise in MCX gold to ₹1,41,220 per 10 grams, alongside stable retail gold prices of ₹1,43,430 per 10 grams in Delhi and ₹1,43,280 per 10 grams in Mumbai and Kolkata, reflects the resilience of the bullion market. Even as MCX silver eased marginally to ₹2,15,950 per kilogram, retail silver prices held steady at ₹2,34,900 per kilogram, underscoring continued investor confidence in precious metals amid an uncertain global environment.

Market participants believe the rally in gold prices is being driven by continued demand for safe-haven assets as global uncertainties persist. Concerns over geopolitical tensions, trade developments and the future path of US interest rates have encouraged investors to maintain exposure to bullion.

International gold prices have also remained supported by expectations that the US Federal Reserve could adopt a more accommodative monetary policy later this year. Lower interest rates generally improve the attractiveness of non-yielding assets such as gold, while movements in the US dollar and Treasury yields continue to influence bullion prices globally.

Although MCX silver futures witnessed a slight decline during the session, analysts remain optimistic about the metal’s long-term prospects. Apart from its role as a safe-haven investment, silver enjoys robust industrial demand from sectors such as solar energy, electric vehicles, electronics and semiconductor manufacturing.

Experts believe silver could continue to outperform over the longer term because of its growing industrial applications, although its prices are expected to remain more volatile than gold. Investors are therefore advised to maintain a balanced allocation between gold and silver depending on their investment objectives and risk appetite.

Financial advisers recommend avoiding investments based solely on short-term price fluctuations. Instead, they suggest accumulating gold gradually through exchange-traded funds (ETFs), sovereign gold bonds, digital gold or periodic purchases of physical gold to reduce the impact of market volatility.

Jewellers have also advised buyers to purchase only BIS Hallmark-certified jewellery and compare making charges before finalisingGold purchases. Checking purity certification and invoices remains particularly important when bullion prices are trading near record highs.

Going forward, gold prices and silver prices are expected to remain sensitive to global inflation data, central bank commentary, currency movements and geopolitical developments. Domestic demand during the festive season could also influence retail prices if international bullion markets continue to remain firm.

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Gold and silver prices declined on Thursday as weak global cues and renewed geopolitical tensions dampened investor sentiment, pushing bullion lower in both domestic and international markets.

On the Multi Commodity Exchange (MCX), gold August futures fell 0.39% to ₹1,41,301 per 10 grams, while silver September futures slipped 0.44% to ₹2,19,650 per kg during the morning trade.

The decline follows increased uncertainty in global markets after fresh tensions in the Middle East lifted crude oil prices and strengthened the US dollar. A stronger dollar typically makes gold more expensive for overseas buyers, while expectations of higher interest rates reduce the attractiveness of non-yielding assets such as gold and silver.

International bullion prices also remained under pressure, with traders closely watching upcoming US economic data and comments from Federal Reserve officials for fresh clues on the interest rate outlook. Market participants believe that persistent inflation risks could delay any policy easing, adding to the pressure on precious metals.

The weakness in futures prices was reflected in the retail market as well. Gold rates edged lower across major Indian cities, with prices of both 22-carat and 24-carat gold witnessing a modest decline. Silver prices also softened in line with the movement in global markets.

Despite the latest fall, experts believe gold’s long-term outlook remains supported by geopolitical uncertainty, central bank purchases and its traditional role as a safe-haven investment during periods of market volatility. However, they expect prices to remain volatile in the short term, with every major economic or geopolitical development likely to influence investor sentiment.

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Gold and silver prices witnessed a decline in India’s retail bullion market on Wednesday, with both precious metals trading lower in early deals amid weak global cues and cautious investor sentiment.

According to data released by the Bullion Association of India (BAI), the price of 999 purity (24K) gold fell by 0.57%, or ₹820, to ₹142,170 per 10 grams. The decline comes after recent volatility in international bullion markets, where investors continue to monitor economic indicators, central bank policy expectations, and geopolitical developments that influence demand for safe-haven assets.

Silver prices also moved lower during the session. The rate of 999 fine silver declined 0.47%, with the metal trading at approximately ₹222,620 per kilogram in the domestic retail market. The fall in silver prices mirrored the broader weakness seen across precious metals, reflecting subdued global market sentiment.

Bullion prices in India are influenced by several factors, including international spot prices, movements in the US dollar, import duties, GST, and fluctuations in the rupee against the US dollar. Domestic retail prices may also vary across cities due to local taxes, transportation costs, and jewellers’ margins.

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Gold and silver prices traded higher on the Multi Commodity Exchange (MCX) on Tuesday, supported by firm global trends and renewed safe-haven demand. At around 9.13 am, MCX gold futures rose 0.69% to ₹1,41,550 per 10 grams, while MCX silver futures gained 0.46% to ₹2,18,760 per kg. The gains came as investors turned cautious amid geopolitical tensions and awaited key US economic data that could influence the Federal Reserve’s interest rate outlook.

In the retail market, gold prices remained largely stable across major Indian cities despite the rise in futures. The price of 24-carat gold hovered around ₹1.40 lakh per 10 grams, while 22-carat gold was quoted at nearly ₹1.29 lakh per 10 grams, with minor variations across cities due to local taxes and making charges. Jewellers said many buyers are closely monitoring daily price movements before making purchases, especially ahead of the festive and wedding season.

Global factors continued to drive sentiment in the bullion market. Rising tensions in West Asia boosted demand for safe-haven assets, while investors also remained focused on upcoming US inflation data for clues on future monetary policy. A softer dollar and expectations of potential interest rate cuts further supported gold prices in international markets, helping domestic futures trade in positive territory.

Market experts believe bullion prices are likely to remain volatile in the coming days as geopolitical developments, currency movements and central bank decisions continue to influence investor sentiment. They said any escalation in global tensions could keep gold well supported, while stronger-than-expected economic data may trigger fresh volatility.

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Gold and silver prices declined sharply in early trade on Monday. On the Multi Commodity Exchange (MCX), gold August futures slipped 1.16% to ₹1,41,820 per 10 grams, while silver September futures fell 2.34% to ₹2,17,448 per kg.

Prices declined as weak global trends and concerns over inflation and interest rates kept investors cautious. While global uncertainty continued to support safe-haven demand, a stronger US dollar and rising bond yields weighed on precious metal prices.

 A higher-than-expected inflation reading could delay interest rate cuts, strengthening the US dollar and putting further pressure on gold prices. On the other hand, softer inflation data may revive hopes of monetary easing and support a recovery in bullion.

Investors are also keeping a close watch on developments in the Middle East. Rising geopolitical tensions have increased uncertainty in global financial markets, prompting investors to seek the safety of gold. However, analysts believe concerns over inflation and interest rates are currently outweighing the safe-haven appeal of the yellow metal.

Silver, which is influenced by both investment demand and industrial consumption, witnessed a steeper decline than gold. Market experts said the white metal remains more volatile due to uncertainty surrounding global economic growth and industrial demand.

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Gold prices remained under pressure on Saturday, giving buyers a slight respite after recent highs. According to the latest bullion rates, 24-carat gold is priced at ₹1,44,330 per 10 grams, while 22-carat gold costs ₹1,32,300 per 10 grams. Silver is trading at ₹2,40,100 per kilogram, with prices also witnessing a mild correction.

The latest decline follows a week of sharp movements in precious metal prices. Market experts say changing global economic conditions, a stronger US dollar and expectations over future interest rate decisions by the US Federal Reserve have influenced investor sentiment, leading to fluctuations in gold and silver prices.

Gold continues to remain a preferred investment during periods of uncertainty, but its prices have become more volatile in recent weeks. International developments, including geopolitical tensions and movements in global financial markets, are also impacting domestic bullion prices.

Rates vary slightly across cities because of local taxes and transportation costs. In addition to the market price, buyers purchasing jewellery will have to pay GST and making charges, which differ from one jeweller to another.

Silver has also mirrored global trends. Apart from investment demand, the metal is widely used in industries such as electronics, solar energy and electric vehicles. Changes in industrial demand often influence silver prices, making them more volatile than gold.

Jewellers say the latest correction has encouraged enquiries from customers planning purchases for weddings and upcoming festive occasions. However, many buyers are still waiting to see if prices fall further before making large purchases.

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