New Delhi, 28 April (H.S.):

The domestic bullion market opened on a softer note on Tuesday, with gold prices slipping across major cities while silver rates remained largely unchanged. Spot gold in India fell by ₹300–₹330 per 10 grams, tracking a slight dip in international prices, whereas silver held its ground in both local and global markets.

In the early session, household and investment‑grade gold saw a modest correction, weighed down by a marginal pullback in dollar‑denominated bullion and easing safe‑haven demand. Spot gold in overseas markets slipped 0.29 percent to about $4,669.61 per ounce, while silver hovered around $75.91 per ounce, underpinning the stability in the white metal’s domestic price.

As a result, 24‑karat gold in most parts of India now trades between ₹1,53,700 and ₹1,55,250 per 10 grams, down from the previous day’s levels. Similarly, 22‑karat gold is quoted from roughly ₹1,40,890 to ₹1,42,310 per 10 grams, reflecting a modest but broad‑based softening in the yellow metal’s premium.

Silver holds firm at ₹2.60 lakh per kilogram

In contrast, silver has held its value in the early‑morning session, with the commodity continuing to trade at close to ₹2,59,900 per kilogram in the Delhi jewellery market. Across the country, metropolitan centres have largely retained their recent silver benchmarks, with no significant change in the per‑kilogram or per‑gram rate observed so far today.

City‑wise rates paint a uniform picture

In Delhi, 24‑karat gold opened at around ₹1,53,850 per 10 grams, with 22‑karat quoted at approximately ₹1,41,040 per 10 grams. Mumbai quoted 24‑karat at ₹1,53,700 per 10 grams and 22‑karat at ₹1,40,890 per 10 grams, mirroring the trend in financial hubs.

Ahmedabad, Chennai, Kolkata, Bhopal, Lucknow, Patna, and Jaipur showed similar ranges, with 24‑karat staying in the band of ₹1,53,700 to ₹1,53,850 per 10 grams and 22‑karat fluctuating between ₹1,40,890 and ₹1,40,940 per 10 grams. In the southern and eastern states—including Karnataka, Telangana, and Odisha—gold markets in Bengaluru, Hyderabad, and Bhubaneswar also recorded a mild softening, with 24‑karat pegged at about ₹1,53,700 per 10 grams and 22‑karat at ₹1,40,890 per 10 grams.

Analysts attribute the day’s gold dip to a combination of profit‑booking after recent rallies and a slight strengthening in the US dollar, while the lack of movement in silver suggests traders are waiting for clearer cues on global inflation and central‑bank policy before shifting their stance.

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Hindusthan Samachar / Jun Sarkar