The bullion market in India reflected a mixed trend today, with gold prices easing slightly while silver held steady. Investors and jewellers are keeping a close watch on international cues, currency fluctuations, and seasonal demand as the wedding season approaches.
For gold, the price of 24K purity is around ₹14,395 per gram, translating to ₹1,43,950 per 10 grams. Meanwhile, 22K gold is trading at ₹13,195 per gram, or ₹1,31,950 per 10 grams. The decline of about 5.5% over the past 10 days has been attributed to a stronger US dollar and profit-booking in global markets. Buyers may find this dip an opportunity to invest before festive demand pushes rates higher.
On the other hand, silver remains firm at ₹240 per gram, or ₹2,40,000 per kilogram. Industrial demand from sectors like electronics and solar energy continues to support silver prices, even as volatility remains a concern for traders. Other grades such as 925 sterling and 958 Britannia silver are also widely used in jewellery and coinage, with rates hovering between ₹164–₹170 per gram.
Experts suggest that bullion buyers should track weekly gold trends and silver investment strategies to make informed decisions. With Raksha Bandhan and the wedding season around the corner, demand is expected to rise, potentially driving prices upward in July and August.
