Gold and Silver prices fall again, 24 carat gold gets cheaper across major Indian cities

Gold and silver prices continued to decline across major Indian cities as bullion markets witnessed weaker demand and pressure from global trends.

According to the latest market data, 24-carat gold prices fell by up to ₹220 per 10 grams in most cities, while Chennai recorded a sharper decline of ₹550 per 10 grams compared to the previous trading session.

Market analysts attributed the fall to a stronger US dollar, easing geopolitical concerns, and reduced buying activity in domestic markets. Experts also believe PM Modi’s recent appeal urging citizens to avoid unnecessary gold purchases may have impacted market sentiment in some regions.

In Delhi, 24-carat gold was priced at ₹1,52,270 per 10 grams, while 22-carat gold stood at ₹1,39,590. Similar rates were recorded in Mumbai, Kolkata, Bengaluru, Hyderabad and Pune, where 24-carat gold traded at ₹1,52,120 per 10 grams.

Chennai continued to report the highest rates among major metros, with 24-carat gold priced at ₹1,53,810 per 10 grams and 22-carat gold at ₹1,40,990.

Ahmedabad saw a relatively smaller decline, with 24-carat gold trading at ₹1,52,180 per 10 grams.

Silver prices also slipped slightly on Tuesday. The metal was trading at ₹2,74,900 per kilogram in several major cities, down by ₹100 per kilogram from Monday’s rates.

In Delhi, Mumbai, Kolkata, Hyderabad, Bengaluru, Pune and Ahmedabad, silver rates stood at ₹2,749 per 10 grams. Chennai continued to record higher silver prices at ₹2,851 per 10 grams and ₹2,85,100 per kilogram.

Jewellers noted that final retail prices may vary depending on GST, making charges and local market conditions.

Analysts said investors are now closely monitoring global currency movements, US economic signals and geopolitical developments, which are expected to influence bullion prices in the coming days.