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.
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29 days ago
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.
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Gold and Silver Prices Rebound in India Amid Record Domestic Demand
30 days ago
1 min read
82 words
Gold and silver climb in India on strong demand, weak rupee, and rate cut hopes; supply remains tight.
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.
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.