Gold and silver prices in India witnessed a noticeable decline today due to global economic developments and pressure from international markets.

According to market data, the price of 24-carat gold is currently trading between ₹15,700 to ₹15,900 per gram, while 22-carat gold is priced around ₹14,400 to ₹14,600 per gram across major cities. Silver prices are hovering near ₹2.65 lakh to ₹2.75 lakh per kilogram in the domestic market.

The decline in precious metal prices is mainly attributed to the strong US dollar and the Federal Reserve’s stance on interest rates, which has reduced the appeal of gold and silver as investment assets. Reports indicate that gold prices dropped by nearly ₹1,300, while silver witnessed a sharp fall of around ₹4,000 in recent trading sessions.

Experts believe that despite the short-term decline, the ongoing Middle East tensions and global uncertainty may continue to support gold and silver prices in the long term, as investors often turn to these metals as safe-haven assets during geopolitical crises.

Market analysts have advised investors to remain cautious in the short term due to volatility but consider long-term investment opportunities in gold.