Gold Slips From Record Highs, 24K Gold at ₹1,70,620; Silver at ₹4,150
Gold and silver prices declined in domestic markets on Friday, retreating from the record highs touched earlier this week amid global volatility. Across major Indian cities, 24-carat gold traded below Wednesday’s peak, while silver remained under the ₹4 lakh per kilogram mark.
In Hyderabad, 24K gold was priced at ₹17,062 per gram (₹1,70,620 per 10 grams), largely in line with Mumbai rates. In Mumbai, 24K gold stood at around ₹1,70,620 per 10 grams, while Delhi quoted slightly higher levels near ₹1,70,770 per 10 grams.
City-wise gold prices showed similar trends:
Silver prices also eased during the session. In Delhi and Mumbai, silver was quoted at ₹3,950 per 10 grams, while Hyderabad and Chennai recorded higher levels at ₹4,150 per 10 grams (₹4,15,000 per kg). Kolkata, Pune and Bengaluru saw silver trading near ₹395 per gram.
On the commodities exchange, MCX gold April futures opened nearly 1.9% lower at ₹1,80,499 per 10 grams, after hitting a record high of ₹1,93,096 in the previous session. MCX silver fell around 4% at the open, following Thursday’s sharp rally to an all-time high.
Market sentiment remains cautious after extreme volatility in US markets, where sharp swings in precious metals and equities triggered massive capital churn. Analysts say near-term gold and silver prices will continue to track global cues, dollar movement and risk sentiment.
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