Relief For Buyers As Precious Gold & Silver Prices Ease

Gold and silver prices slipped in the domestic market this week, offering some respite to buyers after a strong rally in recent months.

According to data from the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold fell by ₹665 to ₹99,358 per 10 grams, down from ₹1,00,023 a week ago.

Prices of 22-carat gold also softened, dropping to ₹91,012 from ₹91,621 per 10 grams. Similarly, 18-carat gold edged lower to ₹74,519 from ₹75,017 per 10 grams.

Silver witnessed a sharper correction, slipping by ₹1,027 to ₹1,13,906 per kilogram, compared to ₹1,14,933 previously. However, it remains close to its record high of ₹1,15,250 per kg, registered on 7 August.

Strong Gains on Year-to-Date Basis

Despite the weekly dip, both gold and silver have delivered substantial returns so far this year.

Since January, 24-carat gold prices have jumped 30.45 per cent, rising from ₹76,162 to ₹99,358 per 10 grams. Silver has outperformed, climbing 32.42 per cent from ₹86,017 to ₹1,13,906 per kg.

A report by Ventura Securities suggests that gold prices could reach $3,600 per ounce on COMEX by the end of 2025, surpassing the record $3,534.10 per ounce touched earlier this month.

The brokerage attributed the bullish outlook to strong exchange-traded fund (ETF) inflows, sustained central bank buying, and robust participation from Indian retail investors.

“Gold’s strategic role in portfolios has strengthened as investors navigate an era of slower global growth, policy uncertainty, and elevated geopolitical risks,” said NS Ramaswamy, Head of Commodities at Ventura.

He further noted that inflationary pressures, a weakening US dollar, and potential interest rate cuts by the US Federal Reserve could provide sustained support to gold prices through the rest of 2025.

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