Gold rallies while silver slumps across global and domestic markets

Gold futures strengthened on Tuesday as investors sought the safe-haven asset, bucking broader market sentiment that pressured precious metals. The rally was reflected across both domestic and global trading platforms, with the yellow metal maintaining its upward trajectory amid persistent economic uncertainties.

On the Comex exchange, gold futures were quoted near $4,190 per ounce in morning trade, signalling sustained investor appetite for the precious metal. The gains mirrored strength in Indian domestic markets, where gold continued to attract buyers seeking portfolio protection.

Silver futures, by contrast, retreated from recent levels to trade near $59.50 per ounce on Comex. The decline reflected weaker industrial demand for the metal alongside profit-taking by investors who had accumulated positions at higher price points.

Analysts attributed gold's outperformance to persistent geopolitical tensions and expectations of prolonged monetary uncertainty globally. Silver's underperformance highlighted the divergence between precious metals driven by safe-haven demand and those dependent on industrial consumption patterns.

Traders are monitoring global economic data releases and central bank commentary for cues on future price direction. Both metals remain volatile as markets weigh competing signals from inflation data and currency movements ahead.