Precious Metals Decline: Gold at ₹97,410, Silver at ₹1,07,700 Amid Weak Global Cues

Indian gold prices softened slightly on Monday, 30 June 2025, with 24-carat gold decreasing by ₹10 at ₹97,410 per 10 grams. The 22-carat version went down to ₹89,290.

Silver followed the same trend, decreasing by ₹100 to ₹1,07,700 per kilogram. The decline is in accordance with softer investor interest in precious metals on the back of stronger equities and lower safe-haven demand.

Global Precious Metals Trend Lower as Risk Appetite Improves

International spot gold declined 0.3% to $3,264.64 per ounce, its lowest point since late May, while US gold futures declined 0.4% to $3,275.30. Silver also fell 0.4% to $35.84 per ounce, following broad risk-on sentiment amid lessening geopolitical risks and hopes surrounding US-China trade talks.

City-Wise Gold Rates Reflect Uniform Decline

Gold prices were largely unchanged across major Indian cities. In Mumbai, Kolkata, and Chennai, 24-carat gold was priced at ₹97,410, while Delhi quoted marginally higher at ₹97,560.

Likewise, 22-carat gold was priced at ₹89,290 in all cities except Delhi at ₹89,440. Silver also held steady at ₹1,07,700 in major markets, with Chennai quoting a premium at ₹1,17,700.

Precious Metals Outlook: Volatility Hinges on Global Triggers

The marginal drop in gold and silver prices reflects diminished safe-haven demand as equity markets stabilise. Nonetheless, analysts point out that any reviving geopolitical tensions or economic uncertainty would trigger fresh buying of bullion.

Market players will be keenly observing US inflation data, Fed speak, and international trade signals for directional impetus in the coming sessions.

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