Gold Rate Today: Domestic Prices Ease ?10 While Global Gold Surges on Middle East Tensions

While there is a general increase in world gold prices due to geopolitical tensions, Indian precious metal markets saw mixed movements on Monday, with 24-carat gold showing a minor fall while prices of silver dipped.?

Gold, Silver Prices Edge Lower; 24-Carat Gold at ?1,01,670, Silver Falls ?100

Gold prices saw a marginal dip in early domestic trade on Monday. The rate of 24-carat gold fell by ?10 to ?1,01,670 per 10 grams, while in Delhi, prices were slightly higher at ?1,01,820. Major metros including Mumbai, Kolkata, and Chennai reported gold at ?1,01,670.

22-carat gold also eased by ?10, now priced at ?93,190 per 10 grams across most key markets including Mumbai, Kolkata, Bengaluru, Chennai, and Hyderabad. Delhi continued to trade higher at ?93,340.

Silver prices dropped by ?100 per kilogram, with 1 kg of silver priced at ?1,09,900 in Delhi, Mumbai, and Kolkata, while Chennai reported a premium rate of ?1,19,900 per kg.

Despite the slight correction, elevated global uncertainty and rising safe-haven demand continue to keep precious metals at historically high levels.

Gold Nears 2-Month High Globally as Middle East Conflict Escalates

Global gold prices climbed on Monday, approaching a two-month high as investors flocked to safe-haven assets amid escalating military conflict between Israel and Iran, sparking fears of a broader regional war. Spot gold rose 0.4% to $3,447.07 per ounce, touching its highest level since April 22 during early trade. US gold futures mirrored the move, gaining 0.4% to $3,467.20 per ounce.

Meanwhile, spot silver dipped 0.2% to $36.23 per ounce, while platinum and palladium rose 0.6% and 0.9%, trading at $1,234.47 and $1,036.58 per ounce, respectively.

As geopolitical tensions mount, some analysts forecast that gold could potentially test the $4,000 mark per ounce in the coming quarters. However, in India, a shift in retail investor behaviour is evident—with more capital now flowing into equities and market-linked products over traditional gold purchases.

Despite this shift, gold-linked financial stocks have surged. Manappuram Finance hit an all-time high, and Muthoot Finance also saw notable gains, reflecting sustained interest in gold-backed lending businesses.

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