World · India Bureau
Gold, Silver Prices Rise Across India; Annual Gains Remain Robust
Precious metal prices edged higher on September 21, extending gains that have seen gold appreciate over 40% and silver surge more than 86% in the past year. Major Indian cities including Mumbai and Delhi recorded the uptick in both metals.
LSN India ·
Gold and silver prices moved upward across India's major trading centres on September 21, continuing a strong performance that has outpaced many other asset classes over the past twelve months.
The rally reflects sustained global demand for precious metals as investors seek safe-haven assets amid economic uncertainty. Gold's year-to-date appreciation of over 40% underscores its appeal as a hedge against inflation and currency fluctuations, while silver's surge of more than 86% highlights strong industrial and investment demand for the metal.
Prices were recorded higher in key markets including Mumbai and Delhi, where both 24-karat and 22-karat gold variants showed gains. The movement in Indian domestic markets mirrors broader international trends, where precious metals have maintained momentum despite volatile equity markets.
Analysts attribute the sustained strength to a combination of factors, including central bank purchases, jewellery demand from Asia's growing middle class, and portfolio diversification strategies adopted by investors worldwide. The precious metals market is expected to remain responsive to macroeconomic developments and global monetary policy signals.