Gold prices witnessed another sharp rise on Tuesday, while silver prices saw a major correction in the bullion market. The latest movement in precious metals comes amid global geopolitical developments, fluctuating crude oil prices, and changing investor sentiment.
According to market data, 24-carat gold prices in the national capital increased by ₹800 per 10 grams, while silver prices plunged by ₹5,000 per kilogram.
In New Delhi, 24-carat gold climbed to:
| Gold Type | Latest Price |
|---|---|
| 24 Carat Gold (10 gm) | ₹1,63,600 |
| Previous Price | ₹1,62,800 |
Market experts say gold received support after signs emerged that tensions between the United States and Iran could ease in the coming days.
Unlike gold, silver prices remained under pressure.
| Silver Type | Latest Price |
|---|---|
| Silver (1 kg) | ₹2,71,000 |
| Decline | ₹5,000 |
Analysts believe weaker industrial demand and softness in the global market contributed to the sharp correction in silver prices.
Commodity analysts say market sentiment improved after reports suggested progress in diplomatic discussions between the United States and Iran.
According to experts:
This helped gold prices regain strength after previous volatility.
A slight decline in crude oil prices also supported the precious metals market.
However, experts warn that oil prices still remain elevated globally, which means volatility in bullion prices could continue.
Global bullion markets also showed mixed movement.
| Commodity | International Spot Price |
|---|---|
| Spot Gold | $4,544.78 per ounce |
| Spot Silver | $76.12 per ounce |
Internationally:
Despite global softness, domestic gold prices remained firm because of rupee weakness and local market demand.
Experts believe silver is facing additional pressure because:
Silver generally reacts more sharply than gold during periods of market instability.
Investors are now closely watching upcoming signals from the Federal Reserve System regarding interest rates.
The market is particularly focused on:
These factors may heavily influence gold and silver prices in the coming weeks.
Analysts believe the bullion market could continue witnessing major ups and downs because of:
Recent import duty revisions on precious metals have also affected domestic pricing trends.
While gold prices have regained momentum amid geopolitical uncertainty and investor buying, silver continues to face pressure from weaker industrial demand and global market softness.
Experts believe volatility may remain high in both gold and silver prices over the next few weeks, making careful investment planning important for buyers and traders alike.
