Gold and silver prices have seen a rebound, fueled by two key factors: strong demand from the ongoing wedding season and positive global market cues.
As weddings and festivals continue to drive significant demand for gold and silver jewelry, especially in India, both metals have experienced upward price movements.
Gold, in particular, has benefited from increased buying as families seek to purchase jewelry for celebrations, boosting its value.
On the global front, favorable market conditions, including rising concerns about inflation and economic uncertainty, have also contributed to the rebound.
Investors often turn to gold and silver as safe-haven assets during times of financial instability, which is further driving up prices.
The combination of domestic demand for jewelry and the broader global market dynamics has created a perfect storm for a rise in both gold and silver prices.
As the wedding season continues, these trends may keep prices elevated. However, investors should remain cautious, as fluctuations in global economic factors could still influence future price movements.