A fall in the prices of gold and silver was seen in the national capital on Friday. Due to weak demand in the domestic market, silver fell by Rs 5,700 to Rs 2.53 lakh per kg, while gold also slipped to Rs 1.56 lakh for 10 grams. According to All India Bullion Association, silver fell by about 2.2 per cent and closed at Rs 2,53,000 per kg (including all taxes), PTI reported. At the same time, gold of 99.9 percent purity declined by Rs 1,600 or 1.01 percent to Rs 1,56,200 per 10 grams.
Gold prices in limited range
According to Jatin Trivedi, investors remained cautious about possible global developments over the weekend, due to which gold prices remained in a limited range. He said that due to lack of new signals in the market, gold may currently trade with fluctuations in sideways trend.
How was the price in the international market?
The movement of gold remained weak in the international market also. Spot gold was seen trading marginally lower at $ 4,786.90 an ounce, while silver rose 1.12 percent to $ 79.28 an ounce. Saumil Gandhi said that gold remained below the level of $ 4,800, which is a sign of its weakening bullishness. Despite some positive factors, prices could not sustain higher levels, which weakened the bullish trend.
There is pressure on gold
He also said that gold remains under pressure due to the strong US dollar and stable treasury bond yields. Apart from this, due to uncertainty regarding the Strait of Hormuz, investors are currently adopting a cautious attitude. Although the market has been supported to some extent by hopes of possible talks, investors are still staying away in the absence of concrete progress.
Gold at record level this year
In the first month of 2026, gold had reached its highest ever level. In the international market it had touched a record level of around $5,595 per ounce. Talking about the Indian market, during that high level in January, gold prices in India had reached around ₹ 2 lakh per 10 grams.
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