Gold and silver prices moved higher across major Indian cities as strength in international bullion markets and rupee depreciation supported sentiment. Chennai recorded the highest gold rates among metro cities, while silver remained above Rs 2.34 lakh per kilogram in key markets.
Gold and silver exchange-traded funds (ETFs) witnessed sharp declines on Friday as weakness in global precious metal prices triggered heavy selling across the sector. While gold ETFs fell by around 2–2.5 per cent, silver ETFs suffered even steeper losses, dropping more than 5 per cent in early trade.
