Gold Inches Up While Silver Slips Amid Global Market Volatility

Unknown Apr 02, 2026 850 Views

Market Overview and Price Movements - Gold prices in India saw a modest uptick on May 16, 2025, with rates rising to ₹93,550 per 10 grams. - Silver, however, experienced a slight decline, slipping to ₹96,100 per kilogram. - On the Multi Commodity Ex...

Market Overview and Price Movements

- Gold prices in India saw a modest uptick on May 16, 2025, with rates rising to ₹93,550 per 10 grams.

- Silver, however, experienced a slight decline, slipping to ₹96,100 per kilogram.

- On the Multi Commodity Exchange (MCX), gold futures for June delivery rose by ₹88 or 0.09 percent, closing at ₹93,550 per 10 grams.

- Silver futures for May delivery dipped by ₹212 or 0.22 percent, settling at ₹96,100 per kilogram.

Global Trends and Influencing Factors

- Internationally, gold prices are on track for their steepest weekly fall in six months, pressured by a strengthening US dollar and easing trade tensions between the US and China.

- Spot gold dropped 0.6 percent to $3,221.19 an ounce, marking a 3 percent weekly decline.

- Analysts attribute the dip to reduced safe-haven demand following geopolitical stability and expectations of a US-Iran nuclear agreement.

- The US Producer Price Index (PPI) unexpectedly fell by 0.5 percent in April, contrasting with expectations of a 0.3 percent increase, influencing gold and silver market movements.

City-Wise Gold Prices in India

Delhi: ₹95,280 per 10 grams for 24-carat gold, ₹87,350 per 10 grams for 22-carat gold.
Mumbai: ₹95,130 per 10 grams for 24-carat gold, ₹87,200 per 10 grams for 22-carat gold.
Chennai: ₹95,130 per 10 grams for 24-carat gold, ₹87,200 per 10 grams for 22-carat gold.
Kolkata: ₹95,130 per 10 grams for 24-carat gold, ₹87,200 per 10 grams for 22-carat gold.
Bengaluru: ₹95,130 per 10 grams for 24-carat gold, ₹87,200 per 10 grams for 22-carat gold.

With gold showing resilience and silver facing downward pressure, investors continue to monitor global economic cues and currency fluctuations for future price movements.

Sources: Moneycontrol, News18, Indian Express.

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