Gold and silver prices moved in opposite directions during the first 10 days of July, reflecting volatility in the precious metals market.

Gold and silver prices moved in opposite directions during the first 10 days of July, reflecting volatility in the precious metals market.

According to the latest retail price data, gold prices increased by ₹2,082, reaching ₹1,43,368 per 10 grams. In contrast, silver prices declined by ₹5,035, settling at ₹2,20,390 per kilogram over the same period.

Both precious metals had touched record highs on July 3, with gold soaring to ₹1,46,344 per 10 grams and silver climbing to ₹2,33,858 per kilogram. However, while gold managed to recover part of its losses and maintain an upward trend, silver witnessed a sharper correction in the days that followed.

Market experts attribute these fluctuations to changing global economic conditions, currency movements, and investor sentiment in international bullion markets. Traders are closely monitoring upcoming economic data and geopolitical developments, which could influence the direction of gold and silver prices in the coming weeks.

Despite the recent volatility, gold continues to be viewed as a safe-haven asset, while silver remains sensitive to both investment demand and industrial consumption trends..