Gold Rebounds Rs 1,200 in Delhi, Silver Flat; Global Markets Recover

• Gold prices in Delhi snapped a four-day losing streak, climbing Rs 1,200 to Rs 1.44 lakh per 10 grams.
• Silver remained flat at Rs 2.30 lakh per kilogram, according to the All India Sarafa Association.
• The rebound is attributed to recovery in global commodity markets and buying at lower levels.
• International spot gold rose 0.38 per cent to USD 4,423.83 per ounce after nine sessions of losses.
• Geopolitical uncertainties, including a cautious optimism about the Iran war ceasefire, are expected to keep bullion prices volatile.

Key Questions Answered

Why did gold prices rebound by Rs 1,200 in Delhi after four days?

Gold prices rebounded by Rs 1,200 in Delhi to Rs 1.44 lakh per 10 grams on Tuesday. This rebound followed a four-day losing streak.

How did the Iran war ceasefire impact international gold prices?

The Iran war ceasefire led to a fall in gold prices. This was contrary to typical market behavior where gold prices usually rise during global conflicts.

What is Mirae Asset ShareKhan's view on gold price volatility?

Mirae Asset Investment Managers has a positive view on gold going forward, though they acknowledge that precious metals may continue to experience sharp price swings.