Gold prices kicked off the week on a bullish note, signaling recovery after Friday’s dip. On Monday, 24-carat gold prices soared to ₹1,00,300 per 10 grams in Delhi, while Mumbai, Chennai, and Kolkata saw rates hover around ₹1,00,150. This marks a return to the psychological ₹1 lakh mark, a key level closely watched by investors and jewellers alike.
Globally, gold also showed resilience, trading at $3,359.20 per ounce. Analysts suggest that the next big trigger for the yellow metal will come from the US Federal Reserve’s policy decision, due next week. With interest rate directions and inflation commentary expected, gold may either find fresh momentum or see a temporary pause.
Silver Stays Strong, Hints at Continued Industrial Demand
Silver, too, joined gold in its upward journey. On Monday, the white metal was priced at ₹1,16,000 per kilogram in Indian markets. Its global price held steady at $38.50 per ounce, reflecting its strong positioning as both a precious and industrial metal.
Experts note that silver’s consolidating trend indicates a healthy balance of investor confidence and industrial demand—especially important for sectors like solar energy, electronics, and automotive.
Wedding & Festive Season Could Fuel Further Rally
With India’s festive and wedding season just around the corner, jewellers expect a surge in demand for both gold and silver. Traditionally, this season boosts sales and often drives up prices, especially in urban markets.
Analysts believe that the recent price rebound could gain further strength as retail and wholesale buyers step up purchases. If global uncertainties persist and inflation fears rise, gold and silver might continue their upward trajectory well into the second half of the year.
