Gold, silver prices in your city, May 28: The commodity markets has seen prices slip amid a more steady international trade scenario, but despite the dips, experts note that gold and silver are safe haven investment options that can insulate your portfolios against the uncertain market forces. According to Manav Modi, Senior Analyst, Commodity Research
PETALING JAYA: The demand for gold is gaining steady traction as US policy unpredictability triggers shifts in global markets. The yellow metal has become a safe hedge against the uncertainties impacting most sectors today, said analysts, which in turn could support the historic high gold prices. SPI Asset Management managing partner Stephen Innes told StarBiz
Gold prices have reached historic highs both internationally and in India, reflecting investors’ flight to safety amid mounting global economic uncertainties. In India, the price of 24-karat gold soared to Rs 93,390 per 10 grams, while 22-karat gold was priced at Rs 85,610 per 10 grams. Globally, spot gold exceeded the $3,200 per ounce threshold
In a notable shift, Japanese bonds saw a significant rise in demand, attaining a two-year high as uncertainty surrounding U.S. tariff policies sparked safe-haven buying. Data from Japan’s Ministry of Finance showed foreign investors purchased long-term bonds worth 3.4 trillion yen, marking the highest weekly net purchase in two years. Conversely, short-term Japanese bonds
Gold prices have been rising quite fast in the past few weeks. Gold prices stand at ₹86,793 per 10 grams (24 carats) and at ₹79,573 (22 carats). Although the price witnessed biggest weekly drop of 2.5 percent after eight weeks of gains last week, but it still remains higher by 2.2 percent for February. Investing