Gold and silver prices declined sharply in early trade on Thursday, coinciding with a significant downturn in the equity markets. The fall in benchmark indices was mirrored in bullion prices, reflecting broader market sentiment during the session.
At around 10:25 am, gold was trading at approximately ₹1,52,090 per 10 grams, registering a decline of about ₹935 per 10 grams. During the day’s trade, gold touched a low of ₹1,51,712 per 10 grams and a high of ₹1,52,248 per 10 grams, indicating intra-day volatility with an overall downward trajectory.
Silver prices recorded a steeper decline compared to gold. At approximately 10:30 am, silver was trading near ₹2,44,080 per kilogram, down by about ₹4,114 per kilogram. During the session, silver touched a low of ₹2,43,083 per kilogram and a high of ₹2,45,387 per kilogram, reflecting wider fluctuations.
The decline in bullion prices came alongside a sharp fall in equity markets. The BSE Sensex dropped by around 1,700 points at the open, while the Nifty declined by more than 500 points. The simultaneous movement across asset classes indicates the influence of broader global cues and trading sentiment during the session.
Gold prices varied across cities. In Patna, the price of 24-carat gold was around ₹1,52,430 per 10 grams. In Jaipur, Kanpur and Lucknow, prices ranged between ₹1,52,490 and ₹1,52,550 per 10 grams. Bhopal and Indore recorded higher prices, with gold reaching up to ₹1,52,680 per 10 grams.
Silver prices also showed marginal variations across cities. In Raipur, silver was priced at around ₹2,44,420 per kilogram. In Patna, Jaipur, Kanpur and Lucknow, prices ranged between ₹2,44,440 and ₹2,44,630 per kilogram. Bhopal and Indore recorded the highest prices at approximately ₹2,44,830 per kilogram.
Overall, gold was lowest in Patna and highest in Bhopal and Indore, while silver was lowest in Raipur and highest in Bhopal and Indore. Price differences across cities were attributed to variations in taxes, demand and local market factors.
Market participants noted that fluctuations in gold and silver prices remain subject to daily volatility. Analysts stated that investment decisions in bullion are typically considered from a long-term perspective, given short-term price movements. Strategies such as phased buying or systematic investment approaches were also cited in the context of managing market volatility.
