Gold prices today: Check rates of 22K and 24K gold
Business
Gold prices held firm at around ₹1.62 lakh per 10gm on Tuesday, while silver slipped 1.5% to ₹2.73 lakh per kg on Wednesday, March 11, cooling off after Tuesday's spike that followed hopes of less tension in West Asia.
What's driving gold's surge?
Gold's up over 20% this year, thanks to its reputation as a safe bet when global tensions rise, a trend boosted by India's wedding season rush, says Piyush Jhunjhunwala from Stockify.
Still, a strong US dollar and higher Treasury yields are keeping things balanced.
Future predictions for gold and silver
Experts at Augmont see gold aiming for ₹1.63-1.65 lakh per 10gm and silver around ₹2.85 lakh per kg.
Other analysts note that silver could stay bumpy because of industrial demand.
Keep an eye out: upcoming US inflation data could shake things up further.