Interim support is at $29 (Rs 86,000). Resistance is at $30.90 (Rs 91,600) /$31.43 (Rs 93,200)
Silver has been subjected to intense selling pressure due to its industrial attribute. Nearly 64 per cent of the total demand for the metal is industrial, says Praveen Singh of Mirae Asset Sharekhan
Silver prices rose nearly 18 per cent in Q1 2025 as the it rallied around 3 per cent last week.
On March 27, spot gold rose to a fresh record high of $3,059 on safe haven demand coming on US imposing auto tariffs. A weaker dollar also boosted the yellow metal
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 80,510
Disappointing data out of the US viz retail sales, nonfarm payroll (considering the downward revision done by BLS) and NAHB housing Index are positive for the yellow metal
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 79,810
The recent uptick in gold prices in 2025 has been led by tariff threats by US president Donald Trump, which in turn have seen investors move away from equities to safer havens.
The price of 22-carat gold also dipped Rs 10, with ten grams of the yellow metal selling at Rs 79,290
The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 79,310
The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 75,260
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 73,910
The price of 22-carat gold also declined by Rs 10, with ten grams of the yellow metal selling at Rs 72,140
The price of 22-carat gold also went up by Rs 10, with ten grams of the yellow metal selling at Rs 72,610
The price of 22-carat gold also rose by Rs 10, with ten grams of the yellow metal selling at Rs 71,510
A buy-on-dips strategy is recommended for investors, with gold targets set around Rs 81,000 domestically.
Gold prices in the world's second biggest buyer of the precious metal have surged 22% so far this year, after rising 15% in 2023
Gold price today: The World Gold Council, in a report released on December 12, stated that after a record-breaking year of 2024, the metal is expected to rise at a slower pace in 2025
Silver price today: Lack of China's specific details is bearish for Silver
The price of 22-carat gold also jumped Rs 10, with ten grams of the yellow metal selling at Rs 72,860