Gold, Silver Rate Today Highlights: Gold, silver prices rise marginally amid rising geopolitical tensions Gold and silver prices edged higher in the past week, driven by escalating geopolitical tensions and a weakening Indian rupee, according to reports from the All India Sarafa Association and market analysts. The surge in bullion prices followed a sharp decline in equity markets and heightened concerns over inflation, which have kept investors seeking safe-haven assets. Analysts noted that silver showed stronger momentum than gold due to supply constraints and industrial demand, while gold’s rise was largely attributed to the rupee’s record low against the US dollar and regional instability in the Persian Gulf. In Delhi, 99.9% pure gold prices climbed Rs 1,500 to Rs 1,56,800 per 10 grams, marking a significant jump. The rupee’s depreciation to 95.63 against the dollar, coupled with fears of prolonged geopolitical uncertainty, fueled demand for gold as a hedge. Silver prices also surged, rising 4.53% to Rs 2,77,000 per kg, as investors shifted toward metals amid cautious sentiment ahead of key US inflation data. The sharp rally in silver was further supported by industrial demand and supply-side pressures, with analysts highlighting its role as a barometer for economic uncertainty. On Tuesday, gold and silver prices continued their upward trajectory, with 24-karat gold reaching Rs 1,53,596 per 10 grams in Mumbai and silver hovering around Rs 2,76,303 per kilogram. The rise coincided with a sharp selloff in equity markets, with the Sensex plunging 1,456 points and the Nifty closing down 436 points. The decline in stock indices intensified demand for gold, which is traditionally viewed as a safe-haven asset during periods of global instability.#india #persian_gulf #multi_commodity_exchange #all_india_sarafa_association #us_inflation_data
