Gold and Silver Price Today: Precious metal prices declined sharply in the domestic market on Friday, with gold extending losses for a second consecutive trading session and silver falling by ₹5,000 per kilogram. While Indian bullion prices weakened, international gold and silver prices traded slightly higher amid continued global uncertainty.

Gold and Silver Prices Fall in Domestic Market

After touching record highs earlier this week, gold and silver prices witnessed profit booking in the Indian bullion market.

According to the latest market data, gold prices declined for the second straight trading session, while silver recorded a sharp fall of ₹5,000 per kilogram.

Despite the correction in domestic prices, global precious metal markets remained relatively firm as investors continued to monitor geopolitical developments, central bank policies and global economic indicators.

Gold Prices Decline for the Second Consecutive Day

Gold prices in the national capital fell by ₹2,000 per 10 grams during Friday's trading session.

The price of 99.9% purity gold settled at ₹1,47,200 per 10 grams (inclusive of taxes).

In the previous session, the same grade of gold had closed at ₹1,49,200 per 10 grams.

This marks the second consecutive trading day of losses after gold recently climbed to record levels.

Silver Prices Drop by ₹5,000 per Kilogram

Silver also came under selling pressure in the domestic market.

The white metal declined by ₹5,000 per kilogram, closing at ₹2,24,700 per kg (inclusive of taxes).

During the previous trading session, silver had settled at ₹2,29,700 per kg.

The sharp correction follows a strong rally that had pushed silver prices to historic highs earlier this month.

Why Did Gold and Silver Prices Fall?

Market experts attribute the latest decline primarily to profit booking after the recent rally in precious metals.

Several factors contributed to the correction:

• Investors booked profits after prices reached record highs.
• Domestic demand remained relatively subdued.
• Traders adopted a cautious approach ahead of key global economic developments.
• Investors closely monitored geopolitical tensions and movements in crude oil prices.
• Market participants preferred to reduce fresh positions before upcoming international policy announcements.

Although prices corrected, analysts believe the broader market sentiment remains sensitive to global developments.

International Gold and Silver Market Update

Unlike the domestic market, international bullion prices remained slightly positive during the latest trading session.

According to market data:

• Spot Gold traded near $4,063.70 per ounce.
• Spot Silver gained nearly 2%, trading around $58.59 per ounce.

The divergence between domestic and international prices is influenced by factors such as import duties, exchange rate movements, local demand and profit booking in the Indian market.

What Could Influence Gold Prices Next?

Analysts believe several global factors will continue to influence precious metal prices in the coming weeks.

Key factors include:

• Geopolitical developments in West Asia.
• US Federal Reserve policy decisions.
• Inflation data from major economies.
• US dollar movement.
• International crude oil prices.
• Global demand for safe-haven assets.

Any increase in geopolitical uncertainty could revive demand for gold as a safe-haven investment, while easing tensions may keep prices under pressure.

Should Investors Worry About the Recent Decline?

Short-term price corrections are common after strong rallies in commodity markets.

Financial experts often advise long-term investors to focus on their investment objectives instead of reacting to day-to-day price movements.

Those planning to purchase jewellery or invest in gold may continue to monitor price trends, global economic developments and domestic demand before making a decision.

Latest Precious Metal Prices

Market Outlook

Although domestic gold and silver prices have corrected over the past two trading sessions, global uncertainties continue to support investor interest in precious metals.

Future price movements are likely to depend on international economic data, central bank decisions, geopolitical developments and investor sentiment. Buyers and investors should keep a close watch on these factors before making fresh investment decisions.

Disclaimer: Commodity prices fluctuate due to market conditions and global economic developments. The prices mentioned above are indicative and may vary across cities, jewellers and trading platforms. Investors should conduct their own research or consult a qualified financial adviser before making investment decisions.