Gold Slips While Silver Shines: A Tale Of Two Metals

In a subtle shift in the bullion market this Friday morning, gold prices dipped marginally while silver continued its upward momentum. The movement reflects investor sentiment amid global cues and domestic demand fluctuations.

Latest Market Snapshot

- Gold price for 24-carat fell by Rs 10, now trading at Rs 1,18,860 per 10 grams
- Silver gained Rs 100, reaching Rs 1,53,100 per kilogram
- 22-carat gold is priced at Rs 1,08,790 per 10 grams across major cities
- Chennai recorded the highest gold rate at Rs 1,19,450 for 24-carat
- Silver in Chennai surged to Rs 1,64,100 per kilogram

City-Wise Price Trends

- Delhi: Gold at Rs 1,18,830 (24-carat), Silver at Rs 1,53,100
- Mumbai & Kolkata: Gold at Rs 1,18,680, Silver at Rs 1,53,100
- Bengaluru & Hyderabad: Gold at Rs 1,08,790 (22-carat)

Global Influence

- US gold futures rose 0.2% to USD 3,875.50
- Spot gold held steady after hitting an all-time high of USD 3,896.49
- Silver internationally slipped 0.4% to USD 46.79 per ounce

Sources: Business Standard, Reuters