Gold holds steady at Rs 1.46 lakh, silver slips Rs 100 amid weak local demand

Gold prices remained largely unchanged in the national capital on Wednesday, with 99.9% pure gold trading at ₹1,46,000 per 10 grams, according to the All India Sarafa Association. Meanwhile, silver prices declined by ₹100 to ₹2,30,900 per kilogram, weighed down by subdued demand from local buyers.

Market experts said domestic bullion prices were influenced by mixed global cues and cautious investor sentiment. While geopolitical tensions in the Middle East continue to support gold's appeal as a safe-haven asset, concerns over inflation and expectations regarding future US interest rate decisions have limited further gains.

Analysts noted that silver continued to face short-term pressure due to weak industrial demand and profit booking, although its long-term outlook remains supported by growing demand from sectors such as renewable energy, electric vehicles, and electronics.

Investors are also keeping a close watch on global economic data and central bank policy signals, which could influence the movement of precious metal prices in the coming days.