Gold prices soared to reclaim the ₹80,000 mark, driven by robust market demand and favorable economic conditions. This milestone underscores renewed investor confidence in precious metals amid global economic uncertainties.
Silver Rally Extends for Third Consecutive Day
Silver continued its upward trajectory, marking a third consecutive day of gains. During intraday trading, silver prices touched a one-month high, reflecting strong demand in both domestic and international markets.
Factors Driving Precious Metal Prices
Experts attribute the rise in gold and silver prices to a combination of factors, including fluctuations in the US dollar, geopolitical tensions, and increasing investment in safe-haven assets. These developments have bolstered the appeal of precious metals among investors.
Market Outlook for Gold and Silver
Analysts predict continued volatility in the precious metals market, with a potential for further gains as economic conditions evolve. Investors are advised to monitor global trends closely to capitalize on price movements.
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