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Silver jumps nearly 6% as gold crosses 5,100 level
Silver rallied sharply and gold breached 5,100 as safe haven demand and global cues lifted precious metals.
Silver prices surged nearly 6% while gold crossed the 5,100 mark, driven by strong global cues and renewed safe haven demand. Expectations of interest rate cuts, geopolitical uncertainty, and sustained ETF inflows supporting precious metals. A weaker dollar also added momentum. Market participants said industrial demand optimism further boosted silver, while gold benefited from hedging interest amid volatile equity and bond markets globally.