Domestic bullion markets see continued dip in gold rates, while silver prices remain unchanged amid steady demand.
New Delhi, April 8:
Gold prices declined further across India’s domestic bullion markets on Wednesday, falling by ₹750 to ₹820 per 10 grams in early trade. The drop was recorded across major cities, reflecting a broader downward trend. In contrast, silver prices remained steady for the third consecutive session.
Gold Prices Slip Across Key Markets
The price of 24-carat gold was quoted between ₹1,49,830 and ₹1,49,980 per 10 grams across leading urban centres. Meanwhile, 22-carat gold traded in the range of ₹1,37,340 to ₹1,37,490 per 10 grams.
In the national capital, gold prices stood at ₹1,49,980 per 10 grams for 24-carat purity and ₹1,37,490 for 22-carat. Similar pricing patterns were observed in cities such as Mumbai, Chennai, and Kolkata, with marginal variations.
Other cities including Ahmedabad, Bhopal, Patna, Lucknow, and Jaipur also reported comparable rates, indicating a consistent nationwide trend.
Silver Prices Remain Unchanged
Silver prices remained stable at ₹2,49,900 per kilogram in Delhi’s bullion market, unchanged from the previous session. The lack of movement suggests steady industrial consumption and investment demand, even as gold prices softened.
Regional Markets Mirror National Trend
Southern and eastern markets, including Bengaluru, Hyderabad, and Bhubaneswar, also recorded a decline in gold prices in line with national levels. Rates in these regions remained consistent with those seen in major metropolitan centres.
Market Sentiment and Key Drivers
The decline in gold prices is being linked to easing global uncertainty, which has reduced demand for safe-haven assets such as gold. When geopolitical tensions ease, investors often shift towards riskier assets, putting pressure on gold prices.
Silver, however, continues to find support due to its dual role as both an industrial metal and an investment asset.
What This Means for Buyers
The current dip in gold prices may offer a window for consumers planning purchases for upcoming festivals or weddings. However, analysts caution that bullion prices remain sensitive to global economic and geopolitical developments.
Outlook
Market experts expect gold prices to remain volatile in the near term, influenced by international cues such as currency movements and global risk sentiment. Silver is likely to track trends in industrial demand.
For now, India’s bullion market reflects a cautious environment, with gold prices under pressure and silver maintaining stability.
inputs and images : Hindustan samachar
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Edited By D.Rishidhar Reddy
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