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Recently
Gold sees mild support in southern markets while silver strengthens on wholesale demand
Southern markets saw mild support in gold and stronger silver prices as wholesale and industrial demand increased through the evening session.
Gold prices showed mild evening support in southern hubs, with Mangalore quoting 24-carat levels near ₹12,870 per gram and Vijayawada holding around ₹12,845. Tiruchirappalli saw stable retail prices, while Madurai recorded marginal premium due to festive enquiries. Silver strengthened across these metros, trading between ₹1,72,500 and ₹1,74,400 per kg. Traders attributed the positive tone to steady COMEX silver gains and strong interest from industrial buyers.
Analysts said improving regional liquidity continues to support intraday momentum.