Gold, Silver Rebound: Gold Jumps Rs 1,050, Silver Soars Rs 6,000 on Safe-Haven Demand
Gold, Silver Rebound: Gold Jumps Rs 1,050, Silver Soars Rs 6,000 on Safe-Haven Demand
- •Precious metal prices rebounded significantly, with silver gaining Rs 6,000 to Rs 2.62 lakh per kilogram.
- •Gold rose by Rs 1,050 to Rs 1.61 lakh per 10 grams in the national capital.
- •The rebound is attributed to safe-haven demand amid geopolitical tensions, despite subdued global cues.
- •A softening rupee in domestic markets helped spot gold prices decouple from global weakness.
- •Analysts note that conflicting factors, including escalating conflict in the Gulf region and inflation fears, are influencing price movements.
