Market rebounds after four-day fall, gold up by ₹5,000; silver jumps up to ₹15,000

New Delhi (The Uttam Hindu): After witnessing a continuous decline for four days, gold and silver prices recorded a strong rebound in the domestic market. Positive cues from the international market and improved domestic demand supported the rise in precious metal prices.

In the bullion market, silver prices saw a sharp jump. In a single day, silver became costlier by around ₹15,000 per kilogram, taking its price close to ₹2.84 lakh per kg. This rise comes after a phase of steady decline in silver rates over the past few days.

Gold prices also regained strength. The price of 24-carat gold increased by nearly ₹5,000 per 10 grams. Market experts said weakness in the US dollar, uncertainty over interest rates, and rising demand for safe-haven assets have boosted gold and silver prices.

Experts added that recent profit booking had pushed prices down, but renewed investor interest has brought momentum back to the market. In the coming days, global developments and signals from the US Federal Reserve may continue to influence gold and silver prices.

According to bullion traders, buying in the domestic market is also rising due to the wedding season and investment demand, which could further support prices in the near term.