Gold and silver prices in India witnessed a mild decline today after remaining stable for the past few sessions. The softening trend comes amid global geopolitical developments and a recent policy move by the government to reduce base import prices for precious metals.

While international tensions—especially involving United States and Iran—continue to influence market sentiment, domestic policy changes have also started impacting bullion prices.

Here’s a detailed look at the latest gold and silver rates across major Indian cities.

Gold Prices Today in Major Cities (Per 10 Grams)

Below are the latest rates for 24K, 22K, and 18K gold across 10 key cities:

After a two-day pause, gold prices have slightly softened. Over the last couple of sessions:

• 24K gold has dropped by around ₹280 per 10 grams
• 22K gold has declined by nearly ₹260 per 10 grams

Silver Prices Also Ease After Stability

Silver prices have also slipped after staying unchanged for four consecutive days.

• In Delhi, silver is now priced at ₹2,49,900 per kg, down by ₹100
• Mumbai and Kolkata are trading at similar levels
• Chennai remains the costliest market, with silver at ₹2,60,100 per kg

Why Are Gold and Silver Prices Falling?

Several factors are influencing the current price movement:

1. Global Geopolitical Developments

Ongoing tensions in West Asia, particularly involving Iran, are creating uncertainty in global markets. While such situations usually support gold prices as a safe-haven asset, short-term corrections are still possible.

2. Government Policy Changes

The Indian government recently reduced the base import price:

• Silver import price cut by around 14%
• Gold import cost reduced by nearly 7.6%

This lowers procurement costs for jewellers and may gradually ease domestic prices.

3. Global Economic Indicators

Investors are closely tracking key global data points such as:

• US GDP
• Inflation (CPI, PCE index)
• Durable goods data
• Services PMI

These indicators influence interest rates and investor sentiment toward gold.

4. RBI Policy Outlook

Market participants are also watching the upcoming decision by the Reserve Bank of India, as interest rate changes can impact gold demand and prices.

What to Expect Ahead?

According to market experts, the future movement of gold and silver prices will depend on:

• Developments in global geopolitical tensions
• Inflation trends and central bank policies
• Currency movement (rupee vs dollar)

While the recent dip offers some relief, a sharp or sustained fall in prices is unlikely unless global conditions stabilize.

Final Takeaway

Gold and silver prices have shown a slight decline today, offering a small window of opportunity for buyers. However, the overall trend remains influenced by global uncertainties and policy changes.

Investors and buyers should keep a close watch on international developments and central bank decisions before making major purchases.