Gold and silver prices remained firm in the domestic market on March 11, supported by steady demand from investors looking for safe-haven assets. Global uncertainty and geopolitical tensions have increased interest in precious metals, which are often seen as a hedge during volatile times.
In the bullion market, gold prices edged up by ₹10 to ₹1,62,390 per 10 grams, while silver gained ₹100 to trade at ₹2,90,100 per kilogram. The small rise indicates that prices are holding steady even near record levels, with investors continuing to buy despite high valuations.
Across major cities such as Delhi, Mumbai, Chennai and Kolkata, gold prices remained largely similar. 24-carat gold was trading above ₹1.62 lakh per 10 grams, while 22-carat gold was priced around ₹1.48–1.49 lakh per 10 grams, excluding GST and making charges. Silver prices also stayed elevated, reflecting strong global demand and price movements in international markets.
The geopolitical tensions in West Asia, particularly involving Iran and the United States, have pushed investors toward safer investment options like gold and silver. When uncertainty rises in global markets, demand for bullion often increases as investors look to protect their wealth from market volatility.
It is noted that fluctuations in global economic indicators, currency movements, and inflation concerns are influencing bullion prices. These factors have contributed to price volatility in recent weeks, even as the broader trend remains supportive for precious metals.
Investment experts from Tata Mutual Fund recommend that investors avoid making large purchases at once and instead follow a staggered investment strategy.