Gold Silver Price Hike: Gold and silver prices in Delhi have seen a sharp rise. Silver rose by ₹18,000 to ₹2.64 lakh per kilogram, while gold rose by ₹1,950 to ₹1.58 lakh per 10 grams. The increase was driven by increased safe-haven demand due to global geopolitical risks such as US-Iran tensions and the failure of Russia-Ukraine talks. Investors are also awaiting key economic data.
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Gold Silver Price Hike: Prices of precious metals surged by more than seven percent in the national capital on Thursday. Silver reached Rs 2.6 lakh per kilogram, while gold reached a high of Rs 1.58 lakh per 10 grams.
This surge was driven by rising global sentiment and demand for safe-haven assets amid rising tensions between the US and Iran.
See the latest gold and silver prices
According to local market experts, silver rose by Rs 18,000 (Silver Price) or 7.32 percent to Rs 2,64,000 per kilogram (including all taxes) from Wednesday’s closing level of Rs 2,46,000 per kilogram.
Gold of 99.9 percent purity also rose by Rs 1,950, or 1.24 percent, to Rs 1,58,650 per 10 grams (including all taxes). It had closed at Rs 1,56,700 per 10 grams in the previous session. In the international market, spot silver was trading 1.03 percent higher at $77.97 per ounce, while gold was marginally higher at $4,991.24 per ounce.
What Experts Said?
Saumil Gandhi, Senior Analyst (Commodities) at HDFC Securities, said, “Gold prices rose to nearly $5,000 per ounce on Thursday, supported by a renewed wave of demand for safe-haven assets as geopolitical risks escalated amid growing speculation of possible US military action against Iran.”
He said the failure of new talks between Russia and Ukraine has also renewed global uncertainty, leading investors to increase allocation to safe-haven assets.
Renisha Chainani, head of research at Augmont, said investors are awaiting key macroeconomic data, including US GDP and personal consumption expenditure (PCE) inflation figures, which could shape Federal Reserve interest rate expectations in the coming months.
