Precious Metals Cool Off: Gold Slips to Rs 1,00,470, Silver Trades at Rs 1,17,900 Amid Global Cues

Market Snapshot:

Gold and silver prices dipped marginally in early Saturday trade, reflecting global pressure from a stronger US dollar and easing safe-haven demand. Domestic rates saw a soft correction, with gold slipping by Rs 10 and silver by Rs 100 per kilogram.

Key Highlights:

- 24-carat gold price: Rs 1,00,470 per 10 grams

- 22-carat gold price: Rs 92,090 per 10 grams

- Silver price: Rs 1,17,900 per kilogram

- Decline attributed to stronger dollar and progress in US-EU trade talks

- Spot gold internationally fell 0.7% to $3,343.69 per ounce

- Silver dropped 0.4% to $38.91 per ounce globally

City-Wise Price Trends:

- Mumbai, Kolkata, Chennai: 24K gold at Rs 1,00,470; 22K at Rs 92,090

- Delhi: 24K gold at Rs 1,00,620; 22K at Rs 92,240

- Silver rates consistent across Delhi, Mumbai, and Kolkata at Rs 1,17,900; Chennai slightly higher at Rs 1,27,900

Global Influence:

- US gold futures fell 0.8% to $3,345.20

- Platinum dipped 1.6% to $1,385.20; palladium rose 0.2% to $1,229.94

- Market sentiment impacted by easing geopolitical tensions and trade optimism

Investor Outlook:

While the dip is modest, analysts suggest watching for volatility ahead of central bank policy meetings. 
Gold remains a hedge against uncertainty, and dips may offer strategic entry points for long-term investors.

Sources: Business Standard, GoodReturns, CNBCTV18, Zee Business, Economic Times