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Gold and silver in New Delhi climb to over three-month highs, with gold at Rs 1,63,500 per 10 grams

AI Market Summary
Gold and silver extended a multi-session rally to over three-month highs as a weaker US dollar and lower long-term Treasury yields boosted safe-haven and real-rate sensitive demand. The US Treasury's expanded long-dated debt buyback program helped pressure the dollar and yields, reinforcing bullion momentum, while geopolitical risk (potentially tougher Iran sanctions) added support. Markets await US PMI data for near-term policy and rates signals.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+0.79%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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Gold and silver prices in New Delhi rose to their highest levels in more than three months on Friday. Gold of 99.9% purity gained Rs 1,200 to Rs 1,63,500 per 10 grams, while silver climbed Rs 5,000 to Rs 2,50,000 per kilogram, marking a 15-week high. A weaker US dollar and firmer global markets helped lift safe-haven demand for precious metals.