Gold and silver prices declined in the bullion market on Monday amid ongoing tensions in West Asia, as profit booking by investors exerted pressure on precious metals despite global uncertainties.
At the start of the week, both gold and silver traded with a weaker trend. According to the latest data, gold fell by around ₹1,100 to approximately ₹1.48 lakh per 10 grams. Silver registered a sharper decline, dropping by about ₹2,290 to ₹2.31 lakh per kilogram.
In the national capital Delhi, the price of 24-carat gold declined to ₹1,51,070 per 10 grams, while in Mumbai it was recorded at ₹1,50,920 per 10 grams. Despite the current decline, gold has remained elevated over the past week.
Weekly trend indicates gains despite current decline
Although prices fell on Monday, gold recorded gains over the previous week. In the last seven days, 24-carat gold increased by approximately ₹2,860. Similarly, 22-carat gold prices rose by around ₹2,600. On the last trading day of the previous week, gold prices in the Delhi bullion market remained unchanged at ₹1,51,500 per 10 grams.
In global markets, gold prices remained at elevated levels, with spot gold trading near $4,591 per ounce. Domestic prices are influenced not only by local demand and supply but also by global economic conditions and geopolitical tensions.
Ongoing tensions in West Asia and global uncertainty typically drive investors toward safe-haven assets, supporting gold prices, although short-term fluctuations remain part of normal market movements.
MCX futures show mixed trend
On the Multi Commodity Exchange (MCX), gold and silver futures exhibited a mixed trend. Gold closed at ₹1,49,650 per 10 grams, reflecting a marginal decline of about 0.02%. Silver recorded a sharper fall of approximately 4.48%, or ₹10,901, to close at ₹2,32,600 per kilogram.
For the financial year 2025–26, both gold and silver have delivered significant returns. Gold prices increased by around ₹57,350 per 10 grams, representing a rise of approximately 61%. Silver outperformed, with prices rising by about ₹1,34,500 per kilogram, marking an increase of roughly 131%.
