Gold, Silver Prices Soar: Macro Risks & Industrial Demand Fuel Rally

• Gold prices rose due to sustained safe-haven demand amid global economic uncertainty, geopolitical risks, and expectations of monetary easing. Mumbai spot 24-carat gold increased by ₹320 to ₹1.39 lakh per 10 grams.
• Silver outperformed gold, jumping ₹1,000 to ₹2.34 lakh per kg, driven by strong investment flows and robust industrial demand from sectors like renewable energy and electric vehicles.
• Tight supply conditions, with mine production not keeping pace with demand and silver being a by-product, are amplifying its price surge, leading to structural market tightness.
• Aksha Kamboj (IBJA) highlights gold's "strong positive momentum" from safe-haven demand and a positive future outlook for 2026, despite global economic uncertainty.
• Harshal Dasani (INVasset PMS) notes silver's elevated monetary standing due to RBI's inclusion as eligible collateral, further boosting its financial asset appeal.

Why It Matters: Gold and silver prices are surging, driven by macro risks, safe-haven demand, and strong industrial use.