Gold Prices on the Rise

Gold prices in Delhi witnessed a significant increase, climbing by Rs 250 to settle at Rs 98,670 per 10 grams. This uptick is attributed to renewed interest from investors and stockists, amidst ongoing global economic uncertainties.

Silver Holds Steady

While gold prices soared, silver remained unchanged at Rs 1,04,000 per kilogram, inclusive of all taxes, showcasing a stable market for the precious metal.

Global Influences on Gold Prices

"Gold traded higher on Thursday, buoyed by renewed demand for safe-haven assets," said Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities. The ongoing uncertainties surrounding trade policies and their potential impact on the global economy have been key factors supporting gold prices.

Geopolitical and Economic Factors

The announcement of a 50% tariff on Brazilian goods by President Trump and the cautious stance of the Federal Open Market Committee have further fueled the bullish sentiment in the gold market.

Future Outlook

With both domestic and international factors favoring gold, analysts anticipate sustained investor interest in the yellow metal in the near term, supported by potential interest rate cuts and easing inflation concerns.