The price of 24-carat gold slipped by Rs 10 to Rs 1,37,990 per 10 grams. Similarly, 22-carat gold eased by Rs 10, with 10 grams trading at Rs 1,26,490
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Gold prices edged lower in early trade on Friday, while silver also witnessed a marginal decline across major Indian cities.
The price of 24-carat gold slipped by Rs 10 to Rs 1,37,990 per 10 grams. Similarly, 22-carat gold eased by Rs 10, with 10 grams trading at Rs 1,26,490.
In Mumbai and Kolkata, 10 grams of 24-carat gold was priced at Rs 1,37,990, while the rate in Chennai stood slightly higher at Rs 1,39,080. In the national capital, Delhi, 10 grams of 24-carat gold was selling at Rs 1,38,140.
For 22-carat gold, prices in Mumbai, Kolkata, Bengaluru, and Hyderabad were steady at Rs 1,26,490 per 10 grams. Chennai recorded a higher rate of Rs 1,27,490, while Delhi saw 22-carat gold trading at Rs 1,26,640 per 10 grams.
Silver prices also declined by Rs 100 in early trade. One kilogram of silver was priced at Rs 2,51,900 in Delhi, Mumbai, and Kolkata. In Chennai, however, silver was trading at a higher rate of Rs 2,71,900 per kilogram.
Silver slides nearly 3.5 pc on MCX
Meanwhile, silver prices fell sharply on Thursday as selling pressure increased ahead of the annual rebalancing of global commodity indexes and the release of key US economic data.
On the Multi Commodity Exchange (MCX), silver dropped nearly 3.5 per cent to trade below Rs 2,42,000 per kilogram during the session.
The decline came after passive investment funds were expected to reduce their holdings in precious metals futures to match new index weightings.
The selling is seen as heavier than usual following the strong rally in gold and silver in recent months.
While writing the article, silver moved between an intra-day low of Rs 2,48,163 and a high of Rs 2,51,889, compared with the previous close of Rs 2,50,605.
In the previous trading session, MCX silver had already fallen sharply, slipping by as much as Rs 11,700 per kilogram to touch a low of Rs 2,47,100.
The key accumulation zone remains Rs 2,45,000–Rs 2,48,000 -- highlighting silver’s role as a high-beta outperformer within the precious metals complex, as per market watchers.
In international markets, COMEX silver showed limited recovery. Prices erased early gains and were trading slightly higher at USD 77.780 per ounce.
Earlier in the session, silver had risen to an intra-day high of $78.875 per ounce, gaining around 1.5 per cent after Wednesday’s selloff.
Market participants remain cautious as index rebalancing-related flows and upcoming US economic data are likely to keep silver prices volatile in the near term.
(With inputs from Agencies)
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