Precious Metals Rally: Gold at ₹1,62,000 per 10g, Silver at ₹2,849 per 10g

Precious metals extended their rally today, with gold climbing to ₹1,62,000 per 10g (24K) and silver holding firm at ₹2,849 per 10g. The surge underscores heightened investor interest in safe-haven assets amid global market volatility, currency fluctuations, and geopolitical tensions. Seasonal buying in India and robust industrial demand further supported the upward trend.

Key Highlights

• Gold at ₹1,62,000 per 10g (24K): Driven by central bank reserves, festive demand, and global risk hedging.
• 22K gold at ₹1,47,500 per 10g: Popular among jewellery buyers in India.
• Silver at ₹2,849 per 10g: Supported by industrial applications and investor inflows.
• Indian retail markets: Prices in Mumbai and Hyderabad show steady gains, reflecting festive and wedding season demand.
• Global cues: Currency swings, crude oil prices, and equity market sentiment continue to influence bullion momentum.
• Outlook: Analysts expect continued strength, though profit booking and macroeconomic changes may trigger short-term corrections.

Precious metals remain a critical hedge against uncertainty, and investors are advised to monitor daily price movements and global cues before making buying decisions.

Sources: Oneindia, Goodreturns, Moneycontrol