Gold prices today, January 8: Check rates in Mumbai, Delhi and other cities

Gold prices edged lower in early trade on Thursday while silver registered a marginal uptick across major marketsThe price of 24carat gold slipped by Rs 10 to Rs 138260 per 10 grams Meanwhile silver prices rose by Rs 100 with one kilogram trading at Rs 257100Similarly 22carat gold declined by Rs 10 with 10 grams priced at Rs 126740Across key cities 10 grams of 24carat gold was priced at Rs 138260 in Mumbai and Kolkata while the rate stood higher at Rs 139630 in Chennai In the national capital Delhi the yellow metal was trading at Rs 139640 per 10 gramsFor 22carat gold prices in Mumbai Kolkata Bengaluru and Hyderabad remained uniform at Rs 126740 per 10 grams while Chennai recorded a higher rate of Rs 127990 In Delhi 10 grams of 22carat gold was priced at Rs 128010Silver prices were steady at Rs 257100 per kilogram in Delhi Kolkata and Mumbai However Chennai continued to command a premium with silver trading at Rs 277100 per kilogramIn the international market spot gold fell by USD 4522 or 101 per cent to USD 444987 per ounceSpot silver was trading lower by USD 255 or 315 per cent to USD 7869 per ounce During the session the white metal climbed by USD 145 or 18 per cent to hit an intraday high of USD 8275 per ounce in the overseas trade86 pc of Indians see jewellery as core wealth asset Gen Z accelerates shiftMeanwhile about 86 per cent of Indian consumers now consider gold and jewellery a preferred instrument for wealth creation underscoring the categoryrsquos enduring ldquoassetrdquo role nearly matching marketlinked products such as mutual funds and stocks 87 per cent a report showed on WednesdayIndiarsquos jewellery market is undergoing a fundamental reset as consumers increasingly view jewellery as an everyday expression of identity lifestyle and value alongside its ceremonial heirloom role according to a Deloitte India reportThe findings showed that jewelleryrsquos role in consumer portfolios is expanding beyond wealth preservationAbout 56 per cent of consumers now view jewellery as both an investment and a fashion accessory while 28 per cent purchase jewellery purely as an investmentThe report further stated that men and consumers aged 45 and above display a stronger inclination towards investmentled purchases while younger cohorts increasingly prioritise style personalisation and versatilityGen Z and millennials are accelerating this shift by actively diversifying their jewellery portfolios and moving towards everyday wearThe report finds that 51 per cent of Gen Z show a preference for silver and 34 per cent for platinum Nearly 49 per cent of respondents prefer lightweight minimalist jewellery over heavy ornate sets 15 per cent reflecting a move towards repeatable affordable luxuryNotably 45 per cent of Gen Z and millennials prefer investing in silver jewellery driven by designforward appeal accessibility and lower price points positioning silver as a complementary everyday category alongside goldWith inputs from Agencies