Gold Prices on the Rise

In a significant uptick, gold prices in the national capital soared by Rs 400 to Rs 1,01,420 per 10 grams today. This surge is attributed to fresh buying from stockists and a firm stance in global markets, as reported by the All India Sarafa Association.

Silver Joins the Rally

Not to be left behind, silver prices also witnessed a sharp increase, jumping Rs 1,500 to Rs 1,13,500 per kg. This movement in precious metals is closely watched by investors and analysts alike.

Global Market Influences

Experts like Renisha Chainani from Augmont highlight the role of US Federal Reserve's potential interest rate cuts and a slowing labor market in this price surge. Meanwhile, global spot gold prices saw a marginal increase, trading at $3,356.96 per ounce in New York.

Looking Ahead

With upcoming US economic data and international trade talks, the precious metals market remains a focal point for investors seeking stability in uncertain times.