Gold prices registered a marginal uptick in the domestic bullion market on Wednesday, rising by ₹10 to trade at ₹1,49,790 per 10 grams for 24-carat purity, according to data from leading bullion associations. The yellow metal continued to hold firm amid cautious sentiment in global markets, with investors closely tracking economic cues and geopolitical developments.
Key Highlights
- Gold prices edge higher by ₹10, silver gains ₹100 amid steady demand.
- Bullion market remains firm as investors track global cues and economic signals.
Silver prices also moved higher during early trade, gaining ₹100 to trade at ₹3,20,100 per kilogram. The uptick in silver mirrored the broader strength seen across precious metals, supported by steady industrial demand and safe-haven buying interest.
In the retail markets, 22-carat gold prices climbed by a similar margin, with 10 grams quoted at approximately ₹1,37,310. Prices across major metropolitan cities remained largely uniform. In Mumbai and Kolkata, 24-carat gold was trading near ₹1,49,790 per 10 grams, while Chennai reported slightly higher levels. Silver prices across these markets stayed aligned with the national trend, reflecting consistent demand.
Also Read: Gold Prices Hit Record Rs 1.38 Lakh Per 10 Grams in India
Market participants noted that bullion prices have remained range-bound in recent sessions, as investors balance expectations around global interest rate movements and inflation trends. Gold continues to find support from its status as a hedge against economic uncertainty, while silver benefits from its dual role as both a precious and industrial metal.
Traders and analysts expect near-term price movements to remain modest, with global cues, currency fluctuations, and demand from jewellers and investors likely to influence bullion prices in the days ahead.
