Gold and Silver Prices Rebound in India Amid Record Domestic Demand

Gold prices in Delhi surged by around ₹800 per 10 grams to approximately ₹1,14,000, while silver rose by roughly ₹500 amid strong domestic demand. Investors are holding onto gold anticipating further gains, leading to tight scrap supply. Increased imports are required to meet festive-season demand. A weakening rupee combined with expectations of global interest rate cuts is further boosting the appeal of precious metals as safe-haven assets. Analysts suggest the rally may continue as inflation worries and geopolitical tensions support safe-haven buying.