Precious metals traded lower in domestic markets today, with silver leading the decline by over ₹9,000 per kilogram and gold seeing a minor pullback. Per IBJA, 24-karat gold is now ₹1,52,078/10g after a ₹424 reduction from ₹1,52,502; 22-karat at ₹1,39,303/10g (down from ₹1,39,692); 18-karat at ₹1,14,059/10g (from ₹1,14,377).
Silver plummeted ₹9,410 to ₹2,44,929/kg, previously ₹2,54,339. Spot rates are set twice daily by the association.
Futures were mixed: gold April 2026 up 0.83% to ₹1,53,337; silver March 2026 down 1.84% to ₹2,39,339. In global trade, Comex gold gained 0.39% to $4,908/oz, silver lost 3.61% to $73.90/oz.
Traders noted gold’s fluctuations near $4,900/oz, poised for direction from US labor data.
This price action may indicate short-term correction in overbought silver, while gold’s dip tests support levels. Investors eyeing wedding or investment buys could benefit, but global risks like inflation and policy shifts loom large. Comprehensive analysis suggests monitoring for rebound signals.