New Delhi, 25 October (H.S.): Gold and silver prices recovered modestly in early trade on Sunday, offering some respite after a week of sustained declines in the domestic bullion market. Gold prices rose by up to Rs 110 per 10 grams across most markets, while silver gained as much as Rs 1,000 per kilogram.

Following the uptick, 24-carat gold was trading between Rs 1,42,580 and Rs 1,42,730 per 10 grams across major domestic markets. Meanwhile, 22-carat gold was quoted in the range of Rs 1,30,700 to Rs 1,30,850 per 10 grams. In Delhi, silver was trading at Rs 2,20,900 per kilogram.

Despite the recovery, both precious metals recorded substantial losses over the week amid weakness in international markets. The price of 24-carat gold declined by as much as Rs 5,080 per 10 grams during the previous week, while 22-carat gold fell by up to Rs 4,650 per 10 grams. Silver also remained under pressure throughout the week, shedding as much as Rs 9,100 per kilogram despite Sunday's rebound.

In the national capital, 24-carat gold was priced at Rs 1,42,730 per 10 grams, while 22-carat gold stood at Rs 1,30,850 per 10 grams. In Mumbai, the country's financial capital, 24-carat gold was quoted at Rs 1,42,580 per 10 grams and 22-carat gold at Rs 1,30,700 per 10 grams.

In Ahmedabad, the retail price of 24-carat gold stood at Rs 1,42,630 per 10 grams, while 22-carat gold was priced at Rs 1,30,750 per 10 grams.

Writing

In Chennai, 24-carat gold was trading at Rs 1,42,580 per 10 grams, while 22-carat gold was priced at Rs 1,30,700 per 10 grams. Kolkata recorded similar rates, with 24-carat gold at Rs 1,42,580 per 10 grams and 22-carat gold at Rs 1,30,700 per 10 grams.

In Bhopal, 24-carat gold was quoted at Rs 1,42,630 per 10 grams, while 22-carat gold stood at Rs 1,30,750 per 10 grams. Jaipur reported prices of Rs 1,42,730 per 10 grams for 24-carat gold and Rs 1,30,850 per 10 grams for 22-carat gold.

In Patna, 24-carat gold was priced at Rs 1,42,630 per 10 grams, while 22-carat gold stood at Rs 1,30,750 per 10 grams. In Lucknow, the corresponding rates were Rs 1,42,730 and Rs 1,30,850 per 10 grams, respectively.

Gold prices also registered modest gains in Karnataka, Telangana and Odisha. In their respective capitals, Bengaluru, Hyderabad and Bhubaneswar, 24-carat gold was trading at Rs 1,42,580 per 10 grams, while 22-carat gold was quoted at Rs 1,30,700 per 10 grams.

The latest uptick notwithstanding, the weekly performance of both precious metals remained subdued, reflecting the impact of weaker international market trends. Market participants will continue to monitor global price movements and other factors influencing bullion prices to assess whether the recovery can be sustained.

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Hindusthan Samachar / Jun Sarkar