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Gold prices continued their upward trend on February 11, reflecting strong global demand and investor interest in safe-haven assets, while silver prices showed a decline. The latest market data indicates that bullion rates have climbed in major Indian cities, mirroring gains in international markets. Analysts believe the ongoing rally could persist if global economic uncertainties remain.

Gold Rates Surge in Domestic Markets

On Wednesday morning, the price of 24-carat gold in Delhi rose to ₹158,940 per 10 grams, while 22-carat gold stood at ₹145,710 per 10 grams. Similar levels were seen across other metropolitan markets, indicating a nationwide rise rather than a localized trend.

In Mumbai, Chennai, and Kolkata, 24-carat gold was priced at ₹158,790 per 10 grams, while 22-carat gold traded at ₹145,560. Pune and Bengaluru recorded nearly identical rates, with 24-carat gold also at ₹158,790 and 22-carat at ₹145,560 per 10 grams. These uniform prices suggest that national bullion benchmarks are currently influencing local markets more strongly than regional demand variations.

Ahmedabad, Bhopal, and several northern cities reported slightly different figures, but the overall trend remained upward. The consistency in price movement across cities indicates strong market sentiment supporting gold.

International Gold Market Trends

Globally, spot gold prices were recorded at about $5,052.43 per ounce, reinforcing the bullish outlook. Investment bank JPMorgan has projected that gold could climb as high as $6,300 per ounce by the end of the year if macroeconomic conditions, inflationary pressures, and geopolitical uncertainties continue to support demand.

Such forecasts have fueled investor interest, especially among those seeking stability amid volatile financial markets. Gold is traditionally viewed as a hedge against inflation and currency fluctuations, which often drives demand during uncertain economic periods.

Silver Prices Decline

While gold prices have surged, silver has taken a different direction. On the same day, silver was trading at approximately ₹289,900 per kilogram in India. This marks a decline from earlier highs seen in January, when the metal had crossed the ₹400,000 mark per kilogram.

In international markets, spot silver prices were around $82.16 per ounce. Market observers note that silver often behaves differently from gold because it is influenced not only by investment demand but also by industrial consumption. Any slowdown in industrial activity can impact silver prices more noticeably.

Expert Outlook for Precious Metals

Industry leaders remain optimistic about the long-term trajectory of precious metals. According to market experts, gold prices in India could potentially reach ₹200,000 per 10 grams in 2026, while silver may rise to ₹500,000 per kilogram under favorable conditions. Factors such as global economic instability, central bank policies, and currency fluctuations could drive these projections.

At the same time, domestic policy decisions could also influence prices. A reduction in import duties or Goods and Services Tax (GST) on gold and silver could lead to price corrections, making these metals more affordable for consumers.

Why Investors Are Watching Bullion Closely

Gold’s recent rally reflects a broader trend of investors moving toward safe-haven assets. When stock markets fluctuate or inflation fears grow, investors often shift funds into gold because of its perceived stability. This pattern is especially visible during periods of economic uncertainty or geopolitical tension.

Silver, meanwhile, remains more volatile due to its dual role as both a precious and industrial metal. Its price movements often depend on manufacturing demand, technological use, and global economic growth patterns.

Conclusion

The latest bullion rates show gold strengthening across major cities while silver experiences a temporary decline. With global forecasts pointing to potential price increases and domestic demand remaining steady, precious metals are likely to stay in focus for investors and buyers alike. Monitoring international trends, policy decisions, and economic indicators will be key for anyone planning to invest in or purchase gold and silver in the coming months.