New Delhi, Mar 28: Gold prices witnessed an upward trend on Saturday, driven by increased demand for safe-haven assets amid global economic uncertainties and currency volatility.
According to market analysts, the surge in gold prices is linked to cautious investor sentiment as geopolitical tensions and fluctuating currency markets continue to influence trading patterns. In the domestic market, gold rates rose across major cities, reflecting strong demand from both investors and jewellers.
Experts noted that a softer US dollar and expectations of policy shifts by central banks have further supported gold’s appeal. Additionally, seasonal demand ahead of upcoming wedding and festive periods in India has contributed to the upward movement in prices.
Silver prices also followed a similar trend, registering moderate gains in line with global market cues. Traders expect gold to remain firm in the near term, although short-term corrections cannot be ruled out.