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Gold Silver Price: Gold and silver prices set new records on Tuesday. Gold rose by Rs 1,800 to Rs 1,15,100 per 10 grams in the Delhi bullion market, while silver rose by Rs 570 to reach a record high of Rs 1,32,870 per kilogram. A weak US dollar, a potential interest rate cut by the Federal Reserve, and rising demand in the international market fueled this rally. Experts believe that gold and silver will remain a safe bet for investors amid global uncertainty.

Gold Silver Price: Gold and silver prices created history again on Tuesday. Gold reached a record high in the Delhi bullion market, while silver also touched an all-time high. A weak US dollar and growing expectations of an interest rate cut by the Federal Reserve fueled this rally.

Record jump in gold prices

According to information provided by the All India Sarafa Association, the price of gold jumped by ₹1,800 on Tuesday to a new high of ₹1,15,100 per 10 grams. In the Delhi bullion market, the price of 99.5% pure gold also rose by ₹1,800 to ₹1,14,600 per 10 grams. This is the highest price ever. In contrast, gold prices had closed lower in the previous trading session. On Monday, gold of 99.9% and 99.5% purity closed at ₹1,13,300 and ₹1,12,800 per 10 grams, respectively. However, a weak dollar and increasing international pressure led to a significant jump in prices in a single day.

Silver also reached new peaks.

Along with gold, silver also set new records. Silver prices rose by ₹570 to ₹1,32,870 per kg on Tuesday. It had closed at ₹1,32,300 per kg on Monday. The steadily rising silver prices reflect investor sentiment and indicate that the instability in global economic conditions is directly impacting precious metals.

Impact of the Dollar Index and the Federal Reserve

Saumil Gandhi, senior analyst at HDFC Securities, noted that the dollar index has fallen to its lowest level in the last ten weeks. A weak dollar makes gold and silver more attractive as safe-haven investments for investors. Gandhi further added that US President Donald Trump's pressure on the Federal Reserve to implement a significant interest rate cut is a major reason for this rise. Traders invested heavily in gold and silver amid expectations of a dovish stance at the Federal Open Market Committee meeting.

Trump's Pressure and Employment Data

According to analysts, both weak US employment data and pressure from President Trump have increased pressure on the Federal Reserve to further cut rates. Traders expect aggressive rate cuts in the coming days, which could push gold and silver prices higher.

State of the Foreign Market

The gold and silver magic continues in foreign markets as well. Spot gold reached a new peak of $3,698.94 per ounce. Spot silver rose 0.10 percent to $42.72 per ounce. These figures clearly indicate that demand for gold and silver is increasing not only in the Indian market but also globally.

Expert Opinion

Jatin Trivedi, Vice President of LKP Securities, says that investors have shown interest in long-term deals. The expected dovish stance of the Federal Reserve and developments related to trade agreements between the US, India, and China are also strengthening this rally. According to him, whenever economic or political uncertainty increases globally, investors turn to safe-haven options like gold and silver. This is why the prices of these metals are continuously soaring.

Why Gold and Silver Prices Soar

Rising gold and silver prices are a result of global factors, not just domestic ones. A weak dollar, potential interest rate cuts, and international uncertainties have driven investors toward safer options. Market experts currently believe that if the Federal Reserve continues its accommodative stance, gold and silver prices could reach further records in the coming days.

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