Gold and silver prices in India witnessed mixed movement on Friday, reflecting volatile trends in global commodity markets and shifting investor sentiment driven by geopolitical developments and currency movements.
According to market updates, gold prices continued their upward bias, supported by renewed safe-haven demand. Investors turned towards the yellow metal amid ongoing uncertainty linked to global geopolitical tensions, particularly expectations around easing US–Iran friction. This has kept inflation and interest-rate expectations in focus, indirectly supporting gold.
In domestic markets, gold prices on the Multi Commodity Exchange (MCX) traded higher, with the metal holding firm near recent elevated levels. Analysts said the firmness in gold is also being supported by a softer US dollar and stable international cues, which have made bullion more attractive for global investors.
In contrast, silver prices witnessed a decline, with the white metal slipping from recent highs due to profit booking. Traders also pointed to uneven industrial demand outlook as a key factor weighing on silver, which has a stronger link to manufacturing and electronics demand compared to gold.
Market experts noted that silver tends to be more volatile than gold, and recent price swings reflect this sensitivity. While long-term fundamentals remain supportive due to green energy and industrial usage, short-term corrections are being seen after sharp recent gains.
In India, retail bullion rates also showed city-wise variation, with 24K and 22K gold prices differing across major centres like Delhi, Mumbai, Chennai, and others. Silver rates similarly moved in line with MCX trends, remaining under pressure in some markets.
Analysts expect continued volatility in precious metals in the near term as traders closely monitor global inflation data, central bank policy signals, and geopolitical developments. However, gold is expected to remain supported on dips, while silver may continue to see sharper swings due to its dual nature as both a precious and industrial metal.
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