Silver & gold price today: Gold nears Rs 1.5 lakh mark, silver surges - what’s fueling the rally?

Gold and silver prices reached unprecedented levels on Tuesday, with gold nearing the significant Rs 1.5 lakh mark. This surge follows a steady climb from the previous session, driven by investor concerns over a potential global economic slowdown. The precious metals have traditionally been safe-haven assets, attracting investors seeking stability amidst market volatility. The rally is further fueled by geopolitical tensions and inflationary pressures, which have heightened demand for these commodities. Analysts suggest that central banks' monetary policies and fluctuating currency values are also contributing factors. As inflation fears persist, both individual and institutional investors are increasingly turning to gold and silver to hedge against economic uncertainties. Market experts predict that if current trends continue, gold and silver could see sustained interest in the coming months. The metals' performance is closely watched by stakeholders, including jewelers and traders, who are adapting strategies to align with market dynamics. As global events unfold, the trajectory of these precious metals remains a focal point for investors worldwide.

— Authored by Next24 Live