New Delhi, March 26 – After four consecutive days of decline, gold prices witnessed a modest recovery on Wednesday in the national capital, supported by firm global cues and renewed buying by retail jewellers. As per agency report, gold of 99.9 percent purity rose by Rs 235 to reach Rs 90,685 per 10 grams, compared to Tuesday’s closing price of Rs 90,450.
Similarly, gold with 99.5 percent purity also climbed by Rs 235, settling at Rs 90,235 per 10 grams, up from its previous close of Rs 90,000. Bullion traders noted that recent losses had prompted fresh buying interest from retailers, contributing to a rebound in domestic prices. Improved sentiment driven by a stronger global trend also supported the price recovery.
In parallel, silver prices surged sharply, rising by Rs 1,500 to settle at Rs 1,01,500 per kilogram, up from Rs 1,00,000 on Tuesday. The increase reflects strong investor appetite and supportive global cues.
In international markets, spot gold was trading 0.16 percent higher at USD 3,024.96 per ounce. Additionally, during Asian trading hours, COMEX gold futures for April delivery were quoted at USD 3,059.10 per ounce.
According to Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, gold saw moderate gains on Wednesday due to safe-haven demand and robust inflows into gold-backed exchange-traded funds (ETFs). He further noted that uncertainty surrounding US President Donald Trump's upcoming decision on retaliatory tariffs, expected on April 2, is emerging as a key factor supporting gold's appeal as a safe asset.
The recent price movement underscores the sensitivity of precious metals to geopolitical uncertainties and investor sentiment in global markets.
