Gold prices in Delhi hovered near ₹1,21,410 per 10 grams as traders tracked steady international cues and a mild cooling in domestic demand. Silver traded around ₹1,52,600 per kilogram following a decline in premiums across bullion markets. Retail buying slowed slightly after recent gains, while wholesale dealers noted stable supply conditions. Market participants expect short-term fluctuations driven by global rate expectations and currency movements. Analysts said demand may improve ahead of the upcoming wedding season as price stability supports consumer sentiment.