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Commodities

India Silver Rises as Gold Falls Amid Iran War Tensions

Guavy AI Editorial Team
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Silver prices have risen by Rs 2,100 per kg in India's domestic market as investors booked profits from gold, which declined by Rs 360 to Rs 1,51,461 per 10 grams.

The shift in focus comes ahead of key US inflation data due this week, particularly the Consumer Price Index (CPI) scheduled for Wednesday and the Producer Price Index (PPI) on Thursday.

A weaker labor market has altered expectations for the Federal Reserve's September policy decision, with less than a 50% chance of a rate hike at the upcoming meeting. Gold typically benefits from lower interest rates as it becomes more attractive compared to income-generating investments.

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