Gold prices rose on Tuesday, with the yellow metal climbing to ₹1,51,540 per 10 grams in the national capital. Silver prices also advanced by ₹100 to ₹2,65,100 per kilogram, supported by strong investor interest and industrial demand.
According to the latest retail rates, 24-carat gold was quoted between ₹1.50 lakh and ₹1.51 lakh per 10 grams in major markets, while 22-carat gold traded in the range of ₹1.37 lakh to ₹1.38 lakh per 10 grams. Silver prices remained above ₹2.60 lakh per kilogram across key cities, reflecting continued strength in the precious metals market.
On Monday, gold prices had fallen to ₹1,49,070 per 10 grams, while silver was trading at ₹2,59,900 per kilogram. The rebound in both precious metals on Tuesday indicates renewed buying interest amid firm global cues and safe-haven demand.
Bullion prices have remained elevated amid ongoing geopolitical tensions, uncertainty over the global economic outlook and expectations regarding future interest rate decisions by major central banks. Investors have increasingly turned to gold as a safe-haven asset during periods of market volatility.
Market participants are closely watching signals from the US Federal Reserve and other central banks for clues on the future direction of monetary policy. Lower interest rates generally support gold prices by reducing the opportunity cost of holding non-yielding assets.
International gold prices also remained firm, supported by a softer US dollar and continued demand from investors seeking protection against economic and geopolitical risks.
Silver, meanwhile, has benefited from both investment demand and strong industrial consumption. The metal is widely used in solar panels, electronics and electric vehicles, helping maintain its appeal even as prices remain near record highs.
Bullion dealers said domestic prices are influenced by international market trends, currency movements, import costs and local demand from jewellers and investors. Despite elevated levels, demand for precious metals has remained resilient.
Analysts expect gold and silver prices to remain sensitive to developments in global financial markets, geopolitical events and central bank policy announcements. With both metals trading close to historic highs, the precious metals market remains in focus for investors, traders and consumers alike.
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