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Precious metal markets continue to experience high volatility at the start of the week, with international and domestic commodity exchanges recording divergent trends between gold and silver. On the global Comex market, both yellow and white metals faced downward pressure initially, before staging mixed movements. Comex gold dipped approximately 0.39 percent to trade around $4,421.70 per ounce, while silver prices registered a 1.07 percent decline, hovering near $66.950 per ounce. These global shifts have immediately influenced domestic bullion trading, prompting retail investors and buyers to track city-wise rates closely.

Domestic Market Update: Gold Eases on MCX While Silver Surges Toward Record Highs

In the domestic bullion market, trading patterns revealed an intriguing split as gold corrected while silver gained upward momentum. On the Multi-Commodity Exchange (MCX), gold futures fell by Rs 246, settling at Rs 1,52,333 per 10 grams. Conversely, silver prices recorded an increase of Rs 250 during morning trade, climbing to Rs 2,39,349 per kilogram. Market analysts attribute these fluctuations to shifting currency valuations, international commodity demand, and domestic seasonal trends influencing retail purchasing behavior across the country.

City-Wise Precious Metal Rates Across India: 24-Carat, 22-Carat, and Silver Breakdown

Retail bullion rates reflect the broader domestic trends across major Indian cities, including the national capital region of Delhi, Mumbai, and surrounding urban centers. The prevailing market rates for retail buyers are structured as follows:

24-Carat Gold: Trading steadily around Rs 1,52,333 per 10 grams.

22-Carat Gold: Available at approximately Rs 1,39,682 per 10 grams.

18-Carat Gold: Trending near Rs 1,14,285 per 10 grams.

Silver: Retailing at approximately Rs 2,38,160 per kilogram.

As market volatility persists, prospective buyers and investors are advised to keep a close eye on daily opening and closing rates before finalizing bullion purchases.