New Delhi, September 15(HS): Domestic bullion markets witnessed a marginal dip in gold prices today, while silver rates held steady, reflecting subdued trading sentiment amid global economic cues.
Market Overview
Gold prices declined modestly across most major Indian bullion hubs, with 24-carat gold trading between ₹1,11,060 and ₹1,11,210 per 10 grams. The 22-carat variant was quoted between ₹1,01,800 and ₹1,01,950 per 10 grams, depending on the city. In contrast, silver remained unchanged at ₹1,32,900 per kilogram in the Delhi bullion market.
City-wise Gold Rates
-Delhi: 24-carat gold at ₹1,11,210 and 22-carat at ₹1,01,950 per 10 grams
-Mumbai: 24-carat gold at ₹1,11,060 and 22-carat at ₹1,01,800 per 10 grams
-Ahmedabad: 24-carat gold at ₹1,11,110 and 22-carat at ₹1,01,850 per 10 grams
-Chennai: 24-carat gold at ₹1,11,060 and 22-carat at ₹1,01,800 per 10 grams
-Kolkata: 24-carat gold at ₹1,11,060 and 22-carat at ₹1,01,800 per 10 grams
-Lucknow: 24-carat gold at ₹1,11,210 and 22-carat at ₹1,01,950 per 10 grams
-Patna: 24-carat gold at ₹1,11,110 and 22-carat at ₹1,01,850 per 10 grams
-Jaipur: 24-carat gold at ₹1,11,210 and 22-carat at ₹1,01,950 per 10 grams
Regional Trends
The downward trend in gold prices was not limited to metropolitan centers. State capitals such as Bengaluru, Hyderabad, and Bhubaneswar also reported 24-carat gold at ₹1,11,060 and 22-carat gold at ₹1,01,800 per 10 grams, mirroring the national pattern.
Silver Holds Ground
Silver prices showed no movement, maintaining last session’s levels in Delhi. The lack of volatility in silver contrasted with the slight softening in gold, pointing to divergent demand dynamics for the two precious metals.
Market Sentiment
Traders attributed the dip in gold to a combination of global factors and local demand-supply equations, though the overall decline was contained.
Analysts noted that the stability in silver prices suggests balanced trading activity, with neither significant buying nor selling pressure in the market.As the festive season approaches, market participants are closely watching for any shifts in consumer demand that could influence bullion trends in the coming weeks.
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Hindusthan Samachar / Jun Sarkar
