Gold, Silver Prices Rebound; Bullish Trend Likely to Continue
Gold and silver prices rebounded on Wednesday after a recent decline caused by reduced safe-haven demand. On the MCX, gold futures rose 1.22% to ₹1,53,270 per 10 grams, while silver futures for March delivery increased 3.48% to ₹2,36,746 per kg.
Gold prices in India are mainly influenced by international market trends, import duties, taxes, and currency exchange rate movements.
Market experts say gold is still trading at relatively high levels, indicating the recent fall was a temporary pause rather than a trend reversal. The medium-term outlook remains positive, with the potential for gold to regain bullish momentum if global economic conditions stay supportive.
Silver, which is more volatile due to industrial and investment demand, saw sharper corrections. However, such declines often attract buyers once market stability returns.
Overall, both gold and silver are expected to remain strong in the coming months, supported by favourable global factors.
