Gold and silver prices in India recorded a marginal decline on the day, with gold prices falling by approximately ₹1,200 per 10 grams. Silver prices also registered a slight decrease.
In the domestic bullion market, both gold and silver prices moved lower following recent fluctuations. The decline in gold prices amounted to about ₹1,200 per 10 grams, while silver prices recorded a marginal reduction.
Gold prices declined across major Indian cities. In Delhi, 24K gold was priced at ₹1,53,700 per 10 grams and 22K gold at ₹1,40,900. In Mumbai, 24K gold stood at ₹1,53,550 and 22K at ₹1,40,750. Kolkata recorded similar levels with 24K gold at ₹1,53,550 and 22K at ₹1,40,750. In Chennai, 24K gold was priced at ₹1,55,010 and 22K at ₹1,42,090. Bengaluru and Hyderabad both reported 24K gold at ₹1,53,550 and 22K at ₹1,40,750. In Ahmedabad and Patna, 24K gold was priced at ₹1,53,600 and 22K at ₹1,40,800. Lucknow recorded 24K gold at ₹1,53,700 and 22K at ₹1,40,900.
Variations in prices across cities were marginal and depended on local taxes and demand-supply factors.
According to experts, movements in global markets, fluctuations in the US dollar, and changes in interest rates directly influence gold prices.
Silver prices also recorded a slight decline. The metal was priced at ₹259.90 per gram and ₹2,59,900 per kilogram in India. Prices remained largely uniform across major cities such as Delhi, Mumbai, and Kolkata, while Chennai recorded a higher price of ₹2,69,900 per kilogram.
Silver demand is influenced not only by jewellery consumption but also by its use in industrial applications, with prices affected by global demand and industrial production levels.
