Gold And Silver Prices Remain Volatile Across Major Indian Markets Today

Gold and silver prices remained largely stable across major Indian cities on Monday as global investors closely monitored developments surrounding ongoing US-Iran ceasefire and nuclear negotiations. Analysts said bullion markets are expected to remain range-bound in the near term, with traders awaiting further clarity on geopolitical developments and their possible impact on global financial markets and energy prices.

According to bullion market data, the price of 24-carat gold in India stood at around Rs 1,59,350 per 10 grams on Monday, while silver was trading near Rs 2,72,290 per kilogram. In the international market, spot gold rose 1.5 per cent to $4,575.30 an ounce in Singapore trading, while silver gained nearly 4 per cent to trade at $78.53 an ounce, according to a Bloomberg report. Market experts said continued geopolitical uncertainty and elevated crude oil prices are supporting precious metals.

Among Indian metros, Chennai recorded the highest gold price at Rs 1,59,520 per 10 grams for 24-carat gold. Hyderabad and Bengaluru followed closely with rates of Rs 1,59,310 and Rs 1,59,190 respectively. In Mumbai, gold was retailing at Rs 1,59,060, while Delhi recorded a slightly lower rate of Rs 1,58,790. Kolkata also remained in a similar range at Rs 1,58,850 per 10 grams.

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Silver prices too remained elevated across major cities. Mumbai recorded silver rates of Rs 2,71,800 per kilogram, while Delhi was slightly lower at Rs 2,71,330. Chennai once again led the major markets with silver trading at Rs 2,72,590 per kilogram. Hyderabad and Bengaluru followed at Rs 2,72,230 and Rs 2,72,010 respectively, while Kolkata reported silver prices at around Rs 2,71,440 per kilogram.

Analysts said gold prices may continue to move within a narrow range over the coming week as investors assess the progress of diplomatic talks between Washington and Tehran. However, silver is expected to maintain a relatively stronger momentum because of sustained industrial demand and ongoing geopolitical concerns, which continue to boost safe-haven investments globally.

Market participants are also keeping a close watch on central bank commentary, inflation trends and global interest rate expectations, all of which are likely to influence bullion prices in the coming days. Domestic retail demand in India is also expected to remain active ahead of the upcoming festive and wedding season, providing additional support to gold and silver prices across the country.

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