Gold at Rs 1,55,230 Per 10g, Silver Near Rs 2,41,260 Per Kg Today
Gold and silver prices fall in morning trade; southern cities show higher rates.,
Precious metals traded lower on Tuesday morning as investors booked profits after the previous session’s rally. On the Multi Commodity Exchange, both gold and silver futures opened in the red despite steady retail demand across major cities. Market participants remained cautious amid global price weakness. Traders said the decline reflects short-term profit-taking rather than a shift in overall trend. Retail prices, however, remained relatively firm in physical markets.
Gold futures for April delivery were trading at Rs 153,688, down Rs 1,145 or 0.74% in early trade. Silver futures for March fell Rs 3,622, or 1.52%, to Rs 236,204. According to bullion market trackers, silver is expected to find support in the Rs 238,800–Rs 241,000 range. Analysts said volatility may persist in the near term. Investors are closely watching global cues for direction.
International markets also showed weakness during the session. Spot silver declined nearly 1% to $76.94 per ounce. Gold dropped about $40.10, or roughly 1%, to $5,003.01 per ounce. The global pullback weighed on domestic futures prices. Currency movement and US bond yields remain key triggers for bullion trends.
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In the domestic retail market, 24K gold (999 purity) was around Rs 156,430 per 10 grams, while 22K gold stood near Rs 143,390. The all-India benchmark rate hovered around Rs 155,230 per 10 grams. Among major cities, Chennai reported the highest price at Rs 155,400, followed by Hyderabad and Bengaluru. Northern markets such as Delhi and Mumbai quoted slightly lower rates. Southern cities continued to trade at a modest premium.
Silver prices in India averaged around Rs 241,260 per kg nationally. City-wise, Chennai again topped the chart at Rs 241,520 per kg, while Delhi and Mumbai were slightly lower. Analysts noted that precious metal prices in India are influenced by global trends, US dollar movement, import duties and seasonal demand. Industrial demand and currency fluctuations also play a major role in silver pricing. Market watchers expect range-bound movement in the near term.
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