Gold Rate Today: Gold prices in India slipped for the second consecutive day on Tuesday, while silver also continued its downward trend after remaining stable earlier this week. A stronger US dollar and softer demand in the bullion market have put pressure on precious metal prices.

Gold prices remained under pressure for the second straight trading session, with rates easing across several major Indian cities. Market analysts attribute the decline primarily to the strengthening of the US dollar, which often reduces the appeal of non-interest-bearing assets such as gold. Silver prices also extended their losses as industrial demand remained subdued.

In the national capital, 24-carat and 22-carat gold prices fell by another ₹10 per 10 grams during the day. Over the past two trading sessions, 24-carat gold has declined by approximately ₹120 per 10 grams, while 22-carat gold has dropped by around ₹110.

Silver also witnessed a continued correction. After remaining unchanged for two consecutive days, the metal has now fallen for the second straight session, with prices declining by nearly ₹5,100 per kilogram over the past two days.

Gold Rates Today in Major Indian Cities

The latest retail prices for 10 grams of gold are as follows:

Among the listed cities, Chennai continues to record the highest retail prices for all three gold purity categories.

Why Are Gold Prices Falling?

Gold prices are influenced by a combination of global and domestic factors. According to market observers, the recent decline has been driven mainly by:

• A stronger US dollar, which makes gold more expensive for buyers using other currencies.
• Reduced demand for gold as an investment asset.
• Profit booking by traders after recent price gains.
• Cautious sentiment in global commodity markets.

Since gold does not generate interest or dividend income, rising dollar strength and changing market expectations can reduce its short-term attractiveness for investors.

Silver Prices Continue to Decline

Silver prices also remained under pressure.

Following two sessions of price stability, silver has now declined for the second consecutive day. Over the past two trading sessions, the price has fallen by approximately ₹5,100 per kilogram.

Before this correction, silver had witnessed a sharp rally, gaining nearly ₹15,000 per kilogram over three trading sessions before experiencing a significant decline at the end of June.

Latest Silver Prices

Current retail prices for 1 kilogram of silver are:

• Delhi: ₹2,44,900
• Mumbai: ₹2,44,900
• Kolkata: ₹2,44,900
• Chennai: ₹2,49,900

Among the four major metropolitan cities, Chennai continues to have the highest silver price.

Factors That Influence Gold and Silver Prices

The prices of precious metals fluctuate daily based on several domestic and international factors, including:

• International bullion market trends
• Movement in the US dollar
• Central bank policies
• Inflation expectations
• Geopolitical developments
• Domestic demand during festivals and wedding seasons
• Import duties and taxes

As a result, retail prices may vary slightly between cities depending on local taxes, transportation costs, and jewellers' pricing policies.

What Buyers Should Keep in Mind

Individuals planning to purchase gold jewellery or invest in bullion should compare prices from multiple jewellers and verify the purity of the metal before making a purchase. Hallmarked jewellery certified under the Bureau of Indian Standards (BIS) provides additional assurance regarding purity.

Since gold and silver prices are subject to daily market fluctuations, buyers should also check the latest rates on the day of purchase to make informed decisions.