Gold and Silver Prices Stay Elevated Amid Global Uncertainty
On October 5, gold and silver prices remained high both globally and in India, driven by economic uncertainty and strong demand for safe-haven assets. International markets saw gains, with COMEX gold rising 0.52% to $1,983.8 per ounce and silver also trading higher. In India, retail prices varied across cities due to local taxes, transportation costs, and jeweler margins.
Domestic gold prices stayed elevated, attracting both investors and jewelry buyers. The latest city-wise prices showed Delhi at Rs 1,37,537 for 22K gold (10g) and Rs 2,25,830 for silver (1kg), while Mumbai and other major cities had slightly different rates. These variations highlight the impact of regional factors on pricing.
Experts note that global cues, including US dollar movements, bond yields, and geopolitical developments, will continue to influence bullion prices. Investors seeking protection against market uncertainty are driving demand for gold, while silver benefits from both investment interest and industrial applications.
For consumers planning to buy gold or silver, comparing rates from different jewelers is essential. Additional costs like making charges and GST can significantly affect the final price, so buyers should verify these details before finalizing any purchase.