Gold Shines Amidst Geopolitical Tension, Silver Sees Sharp Decline

Amid geopolitical tensions in West Asia, gold prices rose by Rs 900 to Rs 1.65 lakh per 10 grams in the national capital, supported by renewed safe-haven demand. Meanwhile, silver prices fell sharply by Rs 4,275 to Rs 2.75 lakh per kilogram, pressured by global market dynamics.

In the national capital, gold prices surged by Rs 900, reaching Rs 1.65 lakh per 10 grams, driven by increased safe-haven demand amid escalating geopolitical tensions in West Asia. Analysts have noted that the situation in the Middle East has supported the yellow metal's upward trend.

Conversely, silver experienced a notable decline, dropping by Rs 4,275 to Rs 2.75 lakh per kilogram. This decrease is reflective of pressures faced by the white metal in global markets, despite gold's more positive performance.

Analysts identified heightened market volatility and a global equity sell-off as factors influencing these trends, with gold maintaining its appeal amidst uncertainty and silver experiencing a downward trajectory due to broader economic factors.