Gold prices eased slightly after a steady rise since February 19, offering mild relief to buyers. MCX gold slipped 0.73%, while silver saw sharper declines
The price of 10 grams of 24-carat gold stood at Rs 1,61,020, down by nearly Rs 870 compared to the previous close. Similarly, 22-carat gold (10 grams) was priced at Rs 1,47,600, marking a fall of about Rs 800. Meanwhile, 18-carat gold (10 grams) slipped to Rs 1,20,770, declining by roughly Rs 650.Silver prices, however, remained unchanged. In the Hyderabad bullion market, silver was trading steady at Rs 2.95 lakh per kilogram as of Thursday evening. The price per tola stood at Rs 295.Gold prices also declined on the Multi Commodity Exchange (MCX). On Thursday alone, gold slipped 0.73%. April gold futures were trading at around Rs 1,59,968. Silver March futures were quoted at Rs 2,59,700, with silver witnessing a sharper fall of 3.21% (Rs 8,616) during the session. In the international market, gold and silver remained largely stable, with gold at $5,185 per ounce and silver at $88 per ounce.Although gold prices are currently below their recent highs, uncertainty persists in the market. Global economic conditions, movements in the US dollar, and shifts in international demand will likely influence price trends in the coming days. Experts advise buyers and investors to track market signals closely before making fresh investment decisions.
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Good news for gold buyers. After rising steadily since February 19, gold prices have finally paused. On Thursday, rates dipped slightly across the country. According to GoodReturns data, gold prices had fallen by around Rs 65 to Rs 87 per gram. While the drop is modest, it offers some relief to buyers who had been grappling with continuous price hikes.
