Precious metal prices witnessed a sharp surge today, with silver rising by ₹9,000 to reach ₹2.34 lakh per kilogram. The rally comes amid strong global cues and increased investor interest in safe-haven assets.
Gold Prices Also Move Higher
Gold prices followed the upward trend, with 10 grams of gold becoming costlier by ₹5,000, taking the price to approximately ₹1.45 lakh. The rise reflects growing demand and fluctuations in international markets.
Reasons Behind the Increase
Market experts attribute the price surge to:
- Rising global uncertainty and geopolitical tensions
- Increased demand for safe-haven investments
- Movement in the US dollar and bond yields
- Fluctuations in global bullion markets
City-Wise Rates May Vary
Prices of gold and silver can vary slightly across cities due to local taxes, transportation costs, and demand-supply factors. Major cities like Delhi, Mumbai, Chennai, and Kolkata may show minor differences in retail rates.
Outlook
Analysts believe that precious metals may remain volatile in the near term. Investors are advised to track global developments closely before making buying or selling decisions.
