Business Meridian
Delhi gold prices rose Rs 200 to Rs 1.54 lakh per 10 grams on Friday, marking a fourth consecutive session of gains. Silver remained at Rs 2,34,800 per kilogram.
International spot gold rose about 2 per cent to $4,325.43 an ounce and silver gained more than 4 per cent to $64.17. Analysts attributed support to a weaker dollar, softer oil prices and steady bullion demand before the US non-farm payroll report.
That labour-market data could influence expectations for the Federal Reserve’s next policy decision. Investors are also watching shipping conditions around the Strait of Hormuz and the return of inflows into gold exchange-traded funds.
Gold’s move is therefore linked to more than local jewellery demand. Currency movements, interest-rate expectations, energy costs and geopolitical risk all affect the price Indian buyers see.
Consumers should distinguish a market update from an investment recommendation: precious metals can move sharply when global data changes.