Silver Slips After Hitting Record High in Delhi, Gold Prices Stay Flat

Silver Slips After Hitting Record High in Delhi, Gold Prices Stay Flat

Silver prices eased in the national capital on Friday after scaling a record high a day earlier, as fresh selling by stockists and retailers triggered profit booking, according to the All India Sarafa Association.

The white metal fell sharply by ₹3,500 to trade at ₹2,04,100 per kilogram. On Thursday, silver had surged ₹1,800 to hit an all-time high of ₹2,07,600 per kg, driven by strong demand and firm global cues.

Market participants attributed Friday’s decline to selling pressure at elevated levels, even as broader bullion sentiment remained supported by overseas trends.

Gold prices, meanwhile, showed little movement in the local bullion market. The yellow metal was trading almost flat at ₹1,36,515 per 10 grams, inclusive of all taxes, compared with Thursday’s closing price of ₹1,36,500 per 10 grams.

In the international market, spot gold witnessed mild weakness, slipping by $10.09 or 0.23 per cent to $4,322.51 per ounce. Analysts said cautious sentiment and minor profit booking weighed on prices despite underlying support from global uncertainties.

Silver, however, showed relative strength overseas. Spot silver was trading 0.56 per cent higher at $65.85 per ounce, reflecting sustained investor interest in the metal amid volatility across asset classes.

Traders said domestic bullion prices are likely to remain sensitive to global cues, currency movements and near-term demand trends, especially after the sharp rally witnessed earlier this week.

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