Image Source: WOWNEWS24X7
Global bullion markets are buzzing as silver rebounds sharply—up 22% from recent lows—while gold maintains its stronghold above $5,000 per ounce. Driven by a softer US dollar, investor demand, and anticipation of US labor market data, both metals show resilience, signaling renewed momentum in precious metals trading.
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Precious metals are back in the spotlight today, with silver staging a powerful rebound of 22% from its recent lows and gold holding firm above the $5,000 mark.
Key Highlights
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Gold steadies above $5,016/oz after hitting a record $5,594 on January 29, supported by a weaker dollar and investor hedging against inflation.
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Silver prices jump 22%, reflecting strong demand recovery and renewed confidence in industrial and investment use.
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Indian spot prices mirror global gains, with 24k gold trading around ₹15,815 per gram and silver at ₹262,901 per 10g.
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Market drivers: Softer US dollar, expectations around Federal Reserve interest rate decisions, and upcoming US jobs data.
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Investor sentiment: Analysts see this rebound as a sign of resilience, though caution remains as volatility persists.
This surge underscores how precious metals remain a safe-haven asset amid global uncertainty, offering both short-term trading opportunities and long-term wealth preservation.
Sources: GoldPriceIndia.com, Oneindia News, Live Market Updates
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