Gold and Silver Prices This Evening: Yellow metal rises by nearly Rs 1,000, white metal surges by about Rs 1,500 — Should investors buy the dip?

Gold and Silver Prices: Yellow and white witnessed a jump in their prices yesterday evening, with gold rising by Rs 1,800 and silver making a significant gain of Rs 4,746, indicating renewed investor interest in the precious metals segment. These precious metals have maintained their uprising trend, prices are moving upwards sharply.

Gold prices today

Gold Rate: On the MCX, the yellow metal is trading around Rs 1,27,666, up by 0.95 per cent. Gold prices increased by nearly Rs 1,200 from the previous close of Rs 1,26,465.

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In both the domestic and international markets, gold is showing a bullish trend. Experts suggest that with the onset of the wedding season, the demand for precious metals is expected to strengthen further.

Gold recently recorded its lifetime high value of Rs 1,32,294. Compared to today’s prices, experts believe the upward momentum in gold prices may now become unstable.

This wedding season, the trend is shifting towards 18K and 14K gold, instead of the traditional 22K and 24K categories.

In the international market, gold prices are hovering around $4,235, with a rise of 0.69 per cent.

Silver prices today

Silver Rate: White metal surged by Rs 1,769 today, marking an uptick of 1.09 per cent, and is currently trading around Rs 1,63,860.

The white metal recorded an intraday high of Rs 1,65,818 and a low of Rs 1,62,884. On the MCX, silver continues to get more expensive, with prices rising to Rs 90,000 this year, making it 86 per cent costlier.

During this wedding season, demand has increased for small chains, sleek rings, and minimal bracelets.

In the international market, silver is trading at $53.72, up by 0.45 per cent, with an intraday rise of 0.63 per cent.

Expert Views

In conversation with Zee Business, experts shared their views on : Are gold and silver currently showing a dip? What are the reasons behind the rising prices of gold and silver? and How do youngsters perceive gold, silver, and jewellery today? Know answers to these questions with experts views.

Deepak Soni, MD, Kartikey Bullion: “There is around a 66 per cent chance of a 25-basis-point rate cut by the US Federal Reserve. In the US, new currency printing could also take place, which may push inflation higher and impact global markets. At present, geopolitical conditions are relatively calm, but everything still revolves around the US economy," Soni said to Zee.

In the past three weeks, there has been an outflow from gold ETFs and an inflow into silver ETFs, indicating market uncertainty. Whenever there’s uncertainty, we cannot expect silver prices to move downward.

After the recent bull run, the buying sentiment has slightly changed, especially during this wedding season, he added.

Surendra Mehta, Secretary, IBJA (India Bullion and Jewellers Association): “The new generation lacks interest in gold and silver. They don’t place gold orders as earlier, resulting in a 30 per cent drop in jewellery demand. Young buyers prefer digital investments over physical jewellery. People are shifting from gold to silver purchases, and if the US tariff decisions don’t turn out favorably, gold and silver prices may rise further," Mehta said.

He added- gold will neither remain stable nor decline — the uptrend is likely to continue his suggestion to investors is to buy more in the form of gold coins or bars.

Renisha Chainani, Head of Research, Augmont Gold: “Since the beginning of this year, the market has faced multiple uncertainties — around inflation, interest rate cuts, and global economic stability. These factors have led to sharp volatility in gold prices.

Central banks and ETFs are still waiting to buy during price dips, and as long as this fear and caution persist, the current price momentum is likely to continue," Renisha said.

She added that no major fundamental factors have changed, but market sentiment has turned positive, supporting the ongoing uptrend in gold and it is expected that a 15–20 per cent rally within the next few months, and buying on dips is the advisable strategy.

With the festive and wedding season underway, gold and silver are expected to remain in the spotlight as investors seek safety and stability amid global uncertainties. Experts believe the uptrend in precious metals may continue in the near term, making every dip a potential buying opportunity.