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Gold and silver prices in India edge higher amid safe-haven demand
Gold nears ₹1,23,000/10 g and silver ₹1,57,000/kg in India as safe-haven demand rises amid currency and inflation pressures.
Gold and silver in India reached higher levels on 11 November, with 24-carat gold trading at approximately ₹1,23,000 per 10 grams and silver at around ₹1,57,000 per kilogram. The uptick was driven by safe-haven buying amid global uncertainty and a weaker rupee. Analysts noted that lower interest rates and inflation concerns are bolstering demand for non-yielding assets. Still, supply‐side constraints and import duties remain headwinds.
The trend suggests bullion could continue to be a portfolio hedge in the near term despite volatile global cues.