Gold, Silver Prices Fall for Third Straight Day; Check Today’s Latest Rates

Gold and silver prices remained under pressure on Tuesday, marking the third consecutive day of decline in the domestic market. After witnessing a strong rally in recent weeks, precious metals have now entered a correction phase, providing some relief to buyers planning fresh purchases.

In the futures market, silver registered a significant drop soon after trading opened on the Multi Commodity Exchange (MCX). Silver futures fell sharply, while gold futures also slipped by more than ₹1,500 during the session, reflecting weak market sentiment.

According to the latest retail rates, 24-carat gold was priced at ₹1,45,250 per 10 grams in Hyderabad, Vijayawada, Mumbai and Bengaluru, while 22-carat gold was selling at ₹1,33,140 per 10 grams in these cities.

In Delhi, prices were slightly higher, with 24-carat gold available at ₹1,45,400 per 10 grams and 22-carat gold at ₹1,33,290 per 10 grams.

Chennai continued to report the highest prices among major cities. There, 24-carat gold was priced at ₹1,46,170 per 10 grams, while 22-carat gold stood at ₹1,33,990 per 10 grams.

Silver prices also remained lower. A kilogram of silver was quoted at ₹2,49,900 in Hyderabad, Vijayawada and Kerala, while the metal was trading at ₹2,44,900 per kg in cities including Mumbai, Delhi and Bengaluru.

Market analysts noted that silver has been declining since the beginning of the week. Compared with its recent highs, the precious metal has witnessed a notable correction, reflecting changing market trends and investor sentiment. Commodity prices are influenced by several factors, including global demand, the US dollar, interest rate expectations and international economic developments.