Gold prices remained essentially flat in the past 24 hours, trading around $3,388.91 per ounce or approximately $108.96 per gram. There was no significant intraday movement reported as markets were closed for the weekend, with the price steady compared to recent trading days. Despite the short-term steadiness, gold has seen a 34.33% price increase over the past year, demonstrating strong long-term bullishness.
This solid performance is supported by factors like global economic uncertainties, the USD-INR exchange rate, and demand linked to the festive and wedding season in India.
Silver, meanwhile, trading at about $39.14 per ounce, is near its highest level in over a year. The metal saw a recent surge of over 2%, driven by growing investor optimism about potential Federal Reserve rate cuts and robust industrial demand, particularly from sectors such as solar and electronics. China's solar cell exports have notably increased by over 70% in the first half of 2025, boosting silver's industrial demand outlook.
Silver also benefits from its dual role as both a safe-haven asset and an industrial metal, which keeps the price well supported despite cautious market sentiment ahead of upcoming policy signals. Over the past year, silver has gained around 30.34% in value, though it experienced a slight short-term dip of 0.99% in the last month
