New Delhi : The Gold Silver price today showed mild weakness in the domestic market as bullion traded slightly lower despite continued volatility in global financial markets. Rising geopolitical tensions in the Middle East and concerns over oil and gas supply chains kept investors cautious, while traders avoided large positions ahead of the upcoming Federal Reserve policy meeting next week.
The Gold Silver price today remained largely range-bound as market participants monitored global inflation trends and economic signals.
MCX Gold and Silver Prices Edge Lower
On the Multi Commodity Exchange of India (MCX), gold futures for the April 2 expiry dropped nearly ₹700 to touch a low of ₹1,61,400 per 10 grams, compared with the previous close of ₹1,61,789.
Similarly, silver futures for the May 5 expiry declined sharply by around ₹2,300 to ₹2,66,174 per kilogram from the previous close of ₹2,68,491.
At the time of writing, the Gold Silver price today showed MCX silver trading at around ₹2,66,874, down ₹1,617 or 0.6 percent, while MCX gold was quoted at ₹1,61,400, lower by ₹389 or 0.24 percent.
International Bullion Prices Also Slip
The Gold Silver price today in global markets also witnessed a slight decline. On COMEX, gold was trading near $5,149.70 per ounce, down $29.40 or 0.57 percent. Meanwhile, COMEX silver was priced at about $84.5 per ounce, falling $0.95 or 1.12 percent.
Analysts say investors remain cautious as rising energy prices could fuel inflationary pressures worldwide.
Gold Rates in Domestic Retail Market
The Gold Silver price today in India also showed marginal declines across purity levels in the retail market.
- 24 Karat Gold: ₹1,62,040 per 10 grams
- 22 Karat Gold: ₹1,48,537 per 10 grams
- 20 Karat Gold: ₹1,35,033 per 10 grams
- 18 Karat Gold: ₹1,21,530 per 10 grams
Gold Price in Major Indian Cities
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According to the latest Gold Silver price today data, bullion rates across major Indian cities are as follows:
- Delhi: 24K – ₹1,61,470 | 22K – ₹1,48,014
- Mumbai: 24K – ₹1,61,750 | 22K – ₹1,48,271
- Kolkata: 24K – ₹1,61,530 | 22K – ₹1,48,069
- Chennai: 24K – ₹1,62,220 | 22K – ₹1,48,702
- Bengaluru: 24K – ₹1,61,880 | 22K – ₹1,48,390
- Hyderabad: 24K – ₹1,62,010 | 22K – ₹1,48,509
Inflation Data and Market Sentiment
Recent US inflation data also influenced the Gold Silver price today. The Consumer Price Index (CPI) rose 0.3 percent month-on-month in February, in line with market expectations. While inflation remains a key concern, the stable reading has reduced immediate pressure on bullion markets.
Market experts believe the Gold Silver price today may remain range-bound in the near term as investors await the Federal Reserve’s policy decision and monitor global geopolitical developments and crude oil price movements.