Gold and silver prices strengthened in the domestic bullion market at the start of the week, with both precious metals registering gains on June 22. Prices moved higher amid supportive global market signals, fluctuations in the US dollar, and continued international economic uncertainty, which contributed to increased demand for precious metals.
Gold and silver are traditionally regarded as safe-haven investment assets. As a result, periods of global economic or geopolitical uncertainty often lead investors to increase exposure to these metals. This trend has helped keep prices elevated in recent sessions.
In major Indian metropolitan markets, 24-carat gold was trading in the range of approximately ₹1.47 lakh to ₹1.50 lakh per 10 grams. Prices for 22-carat gold were around ₹1.35 lakh to ₹1.38 lakh per 10 grams.
In the national capital, Delhi, 24-carat gold reached approximately ₹1.47 lakh per 10 grams. Similar price levels were reported in Mumbai, Jaipur, Lucknow, Bhopal, and other major cities.
According to market experts, higher global demand for gold and increased investor preference for safe-haven assets have continued to support prices.
Silver prices also remained b alongside gold. Across major cities, silver was trading between approximately ₹2.35 lakh and ₹2.39 lakh per kilogram.
Demand from both industrial and investment segments has continued to support silver prices. Consumption from clean energy, electronics, and solar power industries has contributed to sustained demand for the metal. Market analysts said silver prices could remain supported if global industrial activity continues to stay firm.
A positive trend was also visible in futures trading on the Multi Commodity Exchange (MCX), India’s leading commodity exchange. Gold futures remained at elevated levels during recent trading sessions, while silver futures also witnessed active investor participation.
MCX data indicated that investors are currently giving preference to safe-haven investment options over riskier assets. Market experts attributed the recent rise in gold and silver prices to several global factors, including international economic uncertainty, investor concerns over interest rates, inflationary pressures, and geopolitical tensions.
Periods of increased volatility in global markets typically encourage investors to allocate more capital to assets such as gold and silver, supporting demand and prices.
