Business · India Bureau
Gold and silver surge on global safe-haven demand
Precious metals extended gains in Indian and international markets as investors sought refuge in safe-haven assets. Gold climbed ₹1,205 per 10 grams on the Multi Commodity Exchange while silver surged ₹1,745 per kilogram.
LSN India ·
Gold prices rallied on the Multi Commodity Exchange, with the yellow metal gaining ₹1,205 per 10 grams as global uncertainty continued to drive safe-haven demand. Silver mirrored the upward momentum, climbing ₹1,745 per kilogram in domestic trading.
International bullion markets reflected similar strength, with gold trading near $4,590 per ounce on the Comex platform. Silver quoted around $69 per ounce in global trade, underpinned by the same flight-to-safety sentiment affecting Indian prices.
The surge in precious metal valuations reflects investor caution in the face of geopolitical tensions and economic uncertainties across major markets. Both gold and silver, traditionally favored during periods of market volatility, have attracted renewed buying interest from investors seeking portfolio diversification and inflation protection.
Analysts noted that the continuation of safe-haven demand is likely to provide underlying support to bullion prices in the near term, though global economic developments and central bank policy decisions remain key factors to watch for future price direction.