Gold prices saw a slight dip in early trade on Friday, with 24-carat gold falling by ₹10 to trade at ₹87,480 per 10 grams, according to data from the GoodReturns website. Meanwhile, silver prices moved higher, climbing ₹100 per kilogram to reach ₹99,100.
Gold Price Trends Across Major Cities
The decline in gold prices was reflected across different purity levels. 22-carat gold also fell by ₹10, with 10 grams trading at ₹80,190 in several key markets.
The price of 10 grams of 24-carat gold stood at ₹87,480 in major metropolitan cities including Mumbai, Kolkata, and Chennai, while in Delhi, it was slightly higher at ₹87,630.
For 22-carat gold, Mumbai, Kolkata, Bengaluru, Chennai, and Hyderabad saw prices stabilize at ₹80,190 per 10 grams, whereas in Delhi, it was priced slightly higher at ₹80,340.
Silver Prices See Modest Gains
Unlike gold, silver prices edged higher. The price of one kilogram of silver was reported at ₹99,100 in Delhi, Kolkata, and Mumbai, while in Chennai, it was significantly higher at ₹1,08,100 per kg.
International Market Movements
On the global front, gold prices edged lower on Friday but remained on track for a weekly gain, as continued uncertainty surrounding U.S. President Donald Trump’s tariff policies boosted demand for the precious metal. Investors were also closely monitoring the release of U.S. non-farm payrolls data for further economic signals.
Spot gold dipped 0.3% to $2,900.48 per ounce as of 00:17 GMT, though it has gained 1.6% so far this week.
Other precious metals showed mixed trends:
Spot silver remained largely unchanged at $32.60 per ounce
Platinum was steady at $965.23 per ounce
Palladium declined 0.3% to $939.25 per ounce
Market analysts suggest that gold’s short-term movements will be influenced by global economic policies, interest rate trends, and geopolitical developments, while silver and other metals may track broader industrial demand and currency fluctuations.
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