Gold prices remained stable in Delhi on Monday, with 24-carat gold trading at ₹1,00,920 per 10 grams and 22-carat gold at ₹1,00,500, according to the All India Sarafa Association. Silver prices, however, rose by ₹1,000 per kg, reaching ₹1,15,000. The bullion market had remained closed on Friday due to Independence Day.
Market experts noted that global political and economic factors are influencing precious metal trends. Jatin Trivedi, Vice President at LKP Securities, said gold prices are steady owing to the lack of a breakthrough in US–Russia talks over the Moscow-Kyiv ceasefire. Despite no resolution, the overall tone of the discussions was seen as positive, supporting international prices. Gold rose to $3,349.29 per ounce in global markets, while spot silver gained 0.35% to $38.14 per ounce.
Raneesha Chainani, Head of Research at Augmont, highlighted that investors are awaiting the US Federal Reserve meeting minutes. With inflation concerns, labor market instability, and the possibility of interest rate cuts, Fed Chair Jerome Powell’s upcoming Jackson Hole Symposium 2025 speech is expected to shape market sentiment.
In Hyderabad, 22-carat gold was priced at ₹92,750 per 10 grams, 24-carat at ₹1,01,180, while silver traded at ₹1.27 lakh per kg.
