Gold and silver prices recover in India after several sessions of decline, supported by a weaker rupee and firmer global bullion markets. In Delhi, gold of 99.9% purity rises by ₹1,700 to close at ₹1,52,300 per 10 grams, reversing a four-day losing streak. The previous close is reported at ₹1,50,600 per 10 grams. Traders attribute the domestic rebound to the rupee moving weaker, which increases the cost of imported gold and supports local prices, alongside renewed buying interest after recent corrections.
Silver also increases sharply, gaining ₹4,800 to end at ₹2,45,500 per kilogram, after falling in the prior session to ₹2,40,700 per kg. Market participants describe bargain buying for silver following the recent drop.
Internationally, spot gold rises by about 1.2% to around USD 4,210 per ounce, while silver gains roughly 2.4% to around USD 66.47 per ounce. Analysts link the global rise to improving market confidence, including eased geopolitical concerns, while also noting that expectations around US interest rates remain a factor that could limit further gains.
