New Delhi, India — March 27, 2026
Gold and silver prices surged sharply in India on Friday, driven by renewed investor demand for safe-haven assets amid ongoing global uncertainty.
According to market data, gold prices climbed ₹1,320 to reach ₹1.41 lakh per 10 grams, while silver witnessed a stronger rally, jumping ₹5,380 to ₹2.25 lakh per kilogram.
Safe-Haven Buying Lifts Bullion Prices
The rise in bullion prices comes as investors shift focus back to gold and silver amid rising geopolitical tensions in West Asia.
Traditionally considered safe investments, precious metals tend to attract buying during periods of uncertainty, and the current global situation has once again boosted demand in the bullion market.
Global Market Trend
In international markets, prices showed signs of stabilization after recent volatility.
- Gold on COMEX rose 0.33% to $4,423 per ounce
- Silver gained 0.29% to $68.13 per ounce
The rebound follows a sharp correction in the previous session, where gold had declined by nearly 3%.
What’s Driving the Market?
Global sentiment improved slightly after Donald Trump signaled a delay in potential military action related to Iran’s energy infrastructure, offering temporary relief to investors.
This development helped calm market fears, although uncertainty remains elevated.
Why Prices Are Still Under Pressure
Despite the recent uptick, analysts say several factors continue to weigh on bullion prices:
1. High Interest Rate Expectations
Rising energy costs are fueling inflation concerns, which may prompt central banks to maintain higher interest rates. This reduces the appeal of non-yielding assets like gold and silver.
2. Strong US Dollar
The dollar index remains near the 100 level and has strengthened significantly in recent weeks. A stronger dollar makes commodities more expensive globally, weakening demand.
3. Central Bank Activity
Reports suggest that Turkey’s central bank sold or swapped around 60 tonnes of gold during the early phase of the ongoing conflict, adding pressure to global prices.
One-Month Trend: Volatility Continues
Since the onset of tensions in West Asia, gold prices have experienced significant volatility, falling nearly 17% over the past month.
Interestingly, gold has not behaved entirely like a traditional safe-haven asset during this period, often moving in tandem with equity markets and inversely to oil prices.
Outlook
Market experts expect continued volatility in gold and silver prices in the near term, as global developments, currency movements, and interest rate expectations remain key drivers.
Investors are advised to stay cautious and monitor international cues before making major investment decisions.
