Gold and silver prices recorded sharp movements on Thursday, tracking volatility in global markets amid ongoing geopolitical and economic uncertainties. Precious metals saw renewed interest from investors seeking safe-haven assets, even as Asian markets witnessed intraday corrections.
In India, 24-carat gold was priced at ₹1,54,220 per 10 grams, while 22-carat gold stood at ₹1,41,390 per 10 grams as of Wednesday’s closing. Silver prices strengthened to ₹2,96,900 per kilogram, signalling recovery after recent sharp declines in the domestic bullion market.
Bullion Prices Recover Across Major Indian Cities
After a steep fall earlier this week, gold prices rebounded across key Indian cities including Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, and Kolkata. The recovery reflects renewed investor confidence amid global market fluctuations and inflation concerns.
Gold prices (per 10 grams):
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Delhi: ₹1,54,220
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Mumbai: ₹1,54,080
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Bengaluru: ₹1,54,050
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Chennai: ₹1,55,790
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Kolkata: ₹1,54,060
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Pune: ₹1,54,100
Silver prices (per kg):
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Delhi: ₹2,96,900
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Mumbai: ₹2,95,900
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Bengaluru: ₹2,90,900
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Chennai: ₹3,13,900
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Kolkata: ₹2,91,900
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Pune: ₹2,97,900
Global Market Cues Drive Volatility
In international markets, gold prices climbed over 1%, hovering near one-week highs as geopolitical tensions and economic uncertainty supported demand. Spot gold rose to around $5,016 per ounce, while U.S. gold futures for April delivery advanced nearly 2%.
Silver also witnessed strong price action globally, gaining over 2% before facing selling pressure during Asian trading hours. Analysts attributed the volatility to a broader global sell-off in technology stocks, rising concerns over artificial intelligence spending, and heightened risk aversion among investors.
Asian Markets See Sharp Correction
Despite early gains, precious metals faced a sharp pullback in Asian markets. Silver prices fell as much as 15%, while gold declined up to 3.5%, marking a reversal after two days of recovery from a historic sell-off.
Market participants noted that profit booking and reduced exposure to risk assets contributed to the decline. However, analysts remain optimistic about long-term prospects.
Analysts Remain Bullish on Long-Term Outlook
Despite recent corrections, global investment banks continue to maintain a positive outlook for gold. Analysts cite persistent inflation risks, geopolitical tensions, and central bank buying as key factors supporting prices. Some institutions have projected gold prices to move higher in the coming months.
Why Investors Continue to Choose Gold and Silver
Gold remains a preferred investment choice due to its ability to hedge against inflation and provide stability during economic uncertainty. Silver, with its dual role as a precious and industrial metal, continues to attract interest due to rising demand and limited supply, while remaining more accessible for retail investors.
