Gold prices moved up slightly in the domestic market on Monday, while silver also recorded a notable increase, tracking firm global trends and continued investor demand for safe-haven assets.
According to market data, gold climbed by about ₹10 to ₹1,61,360 per 10 grams in the national capital. In the previous session, the precious metal had closed at ₹1,61,350 per 10 grams.
Silver prices rose by ₹100 to ₹3,00,100 per kilogram, compared with the earlier close of ₹3,00,000 per kg.
In the futures market on the Multi Commodity Exchange (MCX), both metals showed a positive trend due to fresh buying by traders. Analysts said the rise was mainly supported by global factors, including firm international prices and steady demand for bullion as a hedge against economic uncertainty.
In the international market, gold traded higher, while silver also gained, reflecting strong investor interest. A weaker dollar and concerns over global economic conditions further supported the uptrend in precious metals.
Also Read: Sensex rises 480 pts, Nifty tops 25,700