India gold rebounds to ₹146,600 as silver slips to ₹224,000/kg
Gold prices in India jumped ₹1,300 on Monday after three days of losses, now sitting at ₹146,600 per 10gm.
This rebound comes right after the Muharram holiday and is mostly thanks to bargain hunters grabbing gold after recent price drops.
Meanwhile, silver isn't catching a break. It slipped another ₹2,000 to ₹224,000 per kilogram for the fourth day straight.
Oil and US dollar hit metals
Global trends are playing a big role: both gold and silver fell worldwide as rising oil prices and a stronger US dollar shook things up.
Ongoing tensions between the US and Iran have added to market jitters. Analysts like Gaurav Garg say all this uncertainty is keeping silver down.
Investors are also watching key US economic numbers closely. Saumil Gandhi from HDFC Securities points out that these signals could shape what happens with interest rates next.