Gold, Silver Prices Slip Across Major Indian Cities; Precious Metals Trade Lower
Gold and silver prices witnessed a decline across major Indian markets on Tuesday, reflecting subdued sentiment in the precious metals segment. Market participants attributed the movement to global economic uncertainties and shifting investor preferences.
In the national capital, 24-carat gold was priced at Rs 1,54,420 per 10 grams, down by Rs 130 from the previous session. The rate of 22-carat gold stood at Rs 1,41,552 per 10 grams.
Hyderabad also recorded a similar trend, with 24-carat gold trading at Rs 1,54,830 per 10 grams, lower by Rs 130. The price of 22-carat gold was Rs 1,41,928 per 10 grams.
In Bengaluru, gold prices eased as well. The 24-carat variety was available at Rs 1,54,710 per 10 grams, while 22-carat gold was quoted at Rs 1,41,818 per 10 grams.
Mumbai witnessed a modest correction in bullion rates. The price of 24-carat gold settled at Rs 1,54,590 per 10 grams, after declining by Rs 130, whereas 22-carat gold was priced at Rs 1,41,708 per 10 grams.
In Kolkata, gold rates moved lower with 24-carat gold trading at Rs 1,54,390 per 10 grams, down by Rs 120. The 22-carat variant was quoted at Rs 1,41,524 per 10 grams.
Southern markets also reflected the downward trend. In Thiruvananthapuram, the price of 24-carat gold stood at Rs 1,55,060 per 10 grams, while 22-carat gold was available at Rs 1,42,138 per 10 grams. In Chennai, 24-carat gold was priced at Rs 1,55,040 per 10 grams, with 22-carat gold trading at Rs 1,42,120 per 10 grams.
Silver prices also weakened during the day. Silver futures were trading at Rs 2,45,870 per kilogram, registering a decline of Rs 1,560 compared to the previous session.
Market experts say precious metal prices may continue to respond to international developments, currency movements, and investor sentiment in the coming sessions.
