Gold and silver prices recorded a marginal decline on Tuesday amid fluctuations in domestic and global markets, following gains in the previous session.
On the Multi Commodity Exchange (MCX), gold prices fell by over ₹200 in early trade, while silver declined by more than ₹1,200 per kilogram. Gold was quoted at around ₹1,51,500 per 10 grams in the morning session, registering a drop of approximately ₹210–₹221. During the session, gold touched a low of ₹1,51,500 per 10 grams and a high of ₹1,51,802 per 10 grams.
Silver prices also declined, with the metal trading at ₹2,40,536 per kilogram. The decline ranged between ₹1,200 and ₹1,500 per kilogram. Silver recorded a low of ₹2,40,218 per kilogram and a high of ₹2,41,250 per kilogram during the session.
Gold prices have declined by approximately ₹41,000–₹41,400 from their all-time high levels recorded in January. At the end of January, gold had reached a record high of around ₹1,93,000 per 10 grams. The decline reflects volatility in precious metals over recent months.
According to market experts, the correction in prices is attributed to the strengthening of the dollar in international markets, expectations around interest rates, and shifts in global demand.
Across major Indian cities, gold and silver prices showed minor variations. In Patna, gold was priced at ₹1,51,790 per 10 grams and silver at ₹2,42,870 per kilogram. Jaipur recorded gold at ₹1,51,850 and silver at ₹2,42,960. In Lucknow and Kanpur, gold was quoted at ₹1,51,910 and silver at ₹2,43,060. Bhopal and Indore recorded gold prices at ₹1,52,030 and silver at ₹2,43,260. In Chandigarh, gold stood at ₹1,51,870 and silver at ₹2,43,000, while Raipur recorded gold at ₹1,51,810 and silver at ₹2,42,900.
Prices also varied based on purity levels. For 24-carat gold, prices ranged between ₹1,51,500 and ₹1,52,030 per 10 grams. For 22-carat gold, the range was ₹1,39,140 to ₹1,39,360, while 18-carat gold was priced between ₹1,13,842 and ₹1,14,022.
Based on current rates, Patna recorded the lowest gold price at ₹1,51,790 per 10 grams, while Bhopal and Indore recorded the highest at ₹1,52,030 per 10 grams. In silver, Patna remained relatively lower compared to other markets.
