New Delhi: Gold and silver prices opened slightly lower in the domestic bullion market on Tuesday, reflecting mild softness in early trade. According to market tracking platform GoodReturns, the price of 24-carat gold slipped by ₹10, with ten grams now priced at ₹1,53,160. Silver also witnessed a marginal dip, easing by ₹100 to trade at ₹2,99,900 per kilogram.
The decline was mirrored in 22-carat gold as well, where prices softened by ₹10 to settle at ₹1,40,390 per ten grams.
Across major Indian cities, gold rates showed limited variation. Ten grams of 24-carat gold was quoted at ₹1,53,160 in Mumbai and Kolkata, while Chennai saw slightly lower levels at ₹1,52,170. In the national capital, Delhi, the same quantity was priced marginally higher at ₹1,53,310.
For 22-carat gold, prices in Mumbai, Kolkata, Bengaluru, and Hyderabad remained steady at ₹1,40,390 per ten grams. Chennai recorded a lower rate of ₹1,39,490, whereas Delhi stood at ₹1,40,540.
Silver prices remained uniform across key metros, with Delhi, Mumbai, Kolkata, and Chennai all quoting one kilogram at ₹2,99,900.
While domestic prices showed limited movement, international bullion markets witnessed strong gains overnight. Gold prices in the US surged over 3 per cent, rebounding sharply from a near one-month low touched in the previous session. The absence of major economic indicators this week, due to a partial shutdown of the US government, led investors to reposition themselves in safe-haven assets.
Spot gold jumped 3.7 per cent to $4,837.16 per ounce by 0120 GMT, after having slipped to recent lows earlier. The yellow metal had hit an all-time high of $5,594.82 last Thursday. Meanwhile, US gold futures for April delivery advanced 4.5 per cent to $4,859.30 per ounce.
Market sentiment was also influenced by geopolitical developments. US President Donald Trump announced a fresh trade agreement with India, under which US tariffs on Indian exports have been reduced to 18 per cent from 50 per cent. In return, India has agreed to stop purchasing Russian oil and ease certain trade restrictions.
Silver prices in the international market mirrored gold’s rally, climbing 5.9 per cent to $84.09 per ounce, after recently touching a record high of $121.64. Other precious metals also posted gains, with spot platinum rising 3 per cent to $2,183.64 per ounce, following its record peak of $2,918.80 on January 26. Palladium added 2.7 per cent to trade at $1,765.75 per ounce.
The mixed trend between domestic and global markets suggests that local prices may continue to react cautiously, even as global cues remain volatile.
