In a mixed day for precious metals, gold prices saw a modest decline today, offering some relief to investors and buyers after recent surges. Meanwhile, silver continued its remarkable rally, smashing through previous records to touch a fresh all-time high.
Market analysts point to fluctuating global cues as the primary driver behind gold’s dip. The spot gold price fell by 0.5% to around $2,650 per ounce, influenced by a stronger US dollar and rising Treasury yields. Investors are closely watching upcoming Federal Reserve decisions, which could further impact the yellow metal’s trajectory.
Silver, however, stole the spotlight with its unstoppable momentum. The white metal surged over 2%, reaching an unprecedented $35.20 per ounce. Strong industrial demand, particularly from solar panel manufacturing and electronics, combined with safe-haven buying amid geopolitical tensions, propelled silver to these dizzying heights.
Domestic markets echoed international trends. In India, 24-karat gold traded at ₹75,200 per 10 grams, down ₹400 from yesterday. Silver prices climbed to ₹92,500 per kilogram, marking yet another peak.
Experts remain cautiously optimistic about silver’s future, citing supply constraints and growing green energy applications. For gold, the short-term outlook suggests consolidation, but long-term bulls remain confident given persistent inflation concerns and central bank purchases.
As markets navigate uncertainty, precious metals continue to serve as key barometers for economic health. Investors are advised to monitor key data releases this week, including US employment figures, which could trigger fresh volatility.