Gold slipped 0.30% in global spot trades to about $3,631.68/oz, while silver similarly trended lower.
Domestic rates mirrored this dip: 24-carat gold in Mumbai trades at ₹1,09,130 per 10g, down ₹300.
Silver fell by around ₹200, now near ₹1,24,960 per 10g in the domestic spot market.
The minor correction is attributed to easing safe-haven demand as equity sentiment s
tabilizes.
Seasonal jewelry demand and festive buying may offer support if prices remain moderate.
Traders watching global macro cues—chiefly Fed and inflation whispers—for direction.
Commodity traders could take advantage with tactical longs if safe-haven flows re-emerge.
Long-term portfolios might wait for clearer directional cues before adding gold exposure.
Jewelry makers and forex-dependent importers will monitor for cost implications.
Takeaway: Precious metals pause amid risk appetite—but underlying demand hasn’t
weakened.