Gold climbs ₹1,600 to ₹1,56,600 per 10 grams in Delhi; silver jumps ₹5,000 to ₹2,47,000 as crude eases
AI Market Summary
Gold and silver rebounded sharply as softer crude reduced near-term inflation pressure and improved risk-adjusted appeal for precious metals. International spot gold rose ~1.17% and silver gained ~3.10%, supported by a weaker USD and lower Treasury yields. Persistent ETF inflows (eighth straight day; +1.44Moz YTD) signal renewed institutional demand, though elevated yields and a still-firm dollar may cap follow-through.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT-0.29%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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Domestic gold prices in India rose ₹1,600 to ₹1,56,600 per 10 grams, while silver gained ₹5,000 to ₹2,47,000 per kilogram as softer crude oil prices eased near-term inflation worries. Spot gold increased $50.96 to $4,392.78 an ounce, and silver rose 3.10% to $67.21 an ounce on stronger investor demand. Global holdings in gold-backed ETFs have risen 1.44 million ounces year to date to 100.39 million ounces.
