Silver Prices Fall 2% to ₹2.5 Lakh per Kg in Delhi; Gold Gains ₹700 Amid Mixed Global Cues
Silver prices declined by 2 per cent in the national capital on Monday, while gold advanced by ₹700 per 10 grams, reflecting divergent trends in the domestic bullion market.Silver Drops ₹5,000 per Kg in Delhi
According to the All India Sarafa Association, silver prices fell by ₹5,000, or 1.96 per cent, to ₹2,50,000 per kilogram, including all taxes. The white metal had closed at ₹2,55,000 per kg on Friday.In the global market, spot silver declined nearly 1 per cent to USD 76.94 per ounce.
Gaurav Garg, Research Analyst at Lemonn Markets Desk, said silver began the week on a softer note as investors booked profits following the weekend rally. He added that ongoing central bank purchases, heightened safe-haven demand amid correction in technology and artificial intelligence stocks, and a weaker dollar index helped cushion the downside.
Gold Rises ₹700 per 10 Grams in Domestic Market
Gold of 99.9 per cent purity advanced by ₹700 to ₹1,59,200 per 10 grams, including all taxes, from the previous close of ₹1,58,500 per 10 grams in Delhi.However, in international markets, spot gold slipped USD 40.10, or 1 per cent, to USD 5,003.01 per ounce.
Saumil Gandhi, Senior Analyst Commodities at HDFC Securities, said gold edged lower as a modest recovery in the US dollar and lack of follow-through buying weighed on precious metals.
Focus on Key Global Economic Data
Trading activity remained subdued with Chinese markets closed for Lunar New Year holidays. Gandhi noted that Chinese participants have played a key role in recent volatility, particularly in silver, and their absence contributed to thinner market conditions.Kaynat Chainwala, AVP Commodity Research at Kotak Securities, said traders are now focusing on key macroeconomic data releases, including the US Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures price index, due on February 20, which could influence rate-cut expectations for June.
She added that the Federal Open Market Committee meeting minutes, US advance GDP data for December, and flash PMI readings from major economies will also be tracked for further direction.
The mixed domestic trend in gold and silver prices highlights cautious sentiment in bullion markets as investors await fresh global triggers.
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