Gold and Silver Skyrocket in Delhi as Global Tensions Fuel Safe-Haven Rush!
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| Credit _The Hans India |
In a dazzling surge, gold prices in the national capital soared by Rs 260, hitting a glittering Rs 99,260 per 10 grams, riding the wave of bullish global markets. Not to be outshone, silver sparkled with a hefty Rs 1,900 jump, reaching a stunning Rs 1,02,100 per kilogram.
What's driving this dazzling rally? A cocktail of economic jitters and geopolitical storms is pushing investors to flock to these timeless safe-haven assets, making gold and silver the stars of the financial show!
Gold prices surged by Rs 260, hitting Rs 99,260 per 10 grams in Delhi on Wednesday, riding the wave of robust global market trends, as reported by the All India Sarafa Association.
The price of gold with 99.5% purity also increased by Rs 100 98700 per 10 gm included all taxes
On Wednesday, gold exhibited a gentle yet sustained price increase, underpinned by ongoing global trade uncertainties, deepening economic concerns, and intensifying geopolitical risks, which collectively reinforce its status as a trusted safe-haven asset.
According to Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, as cited by PTI, these factors continue to bolster investor confidence in gold during turbulent times. In parallel, the silver market witnessed a significant rally, with prices soaring by Rs 1,900 to Rs 102,100 per kilogram (including taxes), up from Rs 100,200 per kilogram in the prior session, signaling strong demand for precious metals as investors seek stability in an uncertain economic and geopolitical landscape.
Spot gold in global markets surged USD 9.43, a fiery 0.28% jump to USD 3,362.6 per ounce, fueled by frantic safe-haven demand amid escalating macroeconomic turmoil.
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