Gold and Silver Prices Sparkle Amid Global Uncertainties
Gold and silver prices rose in the domestic futures market as investors showed interest in safe-haven assets following global uncertainties. Gold futures saw a significant climb, while silver mirrored this recovery, supported by industrial demand. Analysts maintain a bullish outlook due to continued geopolitical tensions and possible US monetary easing.
- Country:
- India
Gold and silver prices regained vigor on Monday, with rising futures in the domestic market, driven by investor interest in safe-haven assets amid global uncertainties.
On the Multi Commodity Exchange (MCX), gold futures for December surged to Rs 1,27,990 per 10 grams. Similarly, silver futures rallied by Rs 1,522 to Rs 1,58,126 per kilogram.
The recovery in both metals reflects strong investor sentiment and safe-haven demand amid geopolitical tensions and speculation over potential US monetary policy shifts.
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