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Ahmedabad Witnesses Cooling Silver Demand as Gold Stabilizes
Ahmedabad gold hovered near ₹1,21,780 while silver cooled to around ₹1,45,000 amid softer demand and declining bullion premiums.
Ahmedabad’s bullion market experienced softer silver demand after prices retreated from record highs, settling near ₹1,45,000 per kilogram. Gold traded close to ₹1,21,780 per 10 grams as jewellers reported slower buying following festive spikes. Traders indicated that silver premiums dropped significantly as supply stabilized and wholesale inquiries reduced. Market watchers expect gradual normalization in both metals as global cues remain mixed.
Retail purchases may pick up once price volatility narrows, especially with wedding-season orders expected from regional jewellery hubs.