Stagnant Silver and Gold Prices Amid Subdued Demand

Silver and gold prices in the national capital remained unchanged due to weak demand from local jewellers and retailers, as reported by the All India Sarafa Association. The lack of movement was attributed to the global market closure for Good Friday. Traders are looking forward to market reopening worldwide.

Prices for silver and gold remained unchanged in the national capital on Friday, reflecting muted demand from jewellers and retailers. The All India Sarafa Association confirmed that while silver was steady at Rs 2,37,000 per kilogram, gold held at Rs 1,51,500 per 10 grams, both inclusive of taxes.

In the absence of fresh cues from closed global markets due to Good Friday, domestic prices moved within a narrow bracket. The subdued appetite among local jewellers and retailers contributed to the stagnation.

Market participants are now eagerly awaiting the reopening of overseas markets to gauge future trends in bullion prices.

(With inputs from agencies.)