The gold and silver market saw mixed movement on Tuesday.
Gold prices increased due to rising global tensions and strong demand for safe-haven assets.
At the same time, silver prices showed weakness in the market.
Investors are closely watching the latest rates in major cities like Delhi and Mumbai, as precious metal prices continue to fluctuate due to global events.
Gold Prices Rise in Major Cities
On the morning of March 12, gold prices moved up in the domestic market.
In Delhi, the price of 24-carat gold reached ₹1,63,470 per 10 grams, while in Mumbai, it was ₹1,63,320 per 10 grams. Compared to the previous day, gold in Delhi increased by ₹900 or about 0.54 percent.
Other gold rates were also higher:
24-carat gold: ₹1,63,470 per 10 grams
22-carat gold: ₹1,49,860 per 10 grams
18-carat gold: ₹1,22,602 per 10 grams
This rise shows that many investors are again turning toward gold as a safer investment option.
Global Tensions Boost Gold Demand
Gold prices are also rising in the international market. Currently, spot gold is trading at around $5,189.05 per ounce globally.
Experts say the main reason behind this increase is rising geopolitical tension, especially the conflict between Iran and Israel.
Recent military actions in the Middle East have created uncertainty in financial markets.
According to Donald Trump, the conflict could end soon, while Israel Katz stated that Israel will continue its military action until it achieves a decisive victory.
Such geopolitical tensions often push investors toward safer assets like gold, which increases its demand and price.
Silver Prices Slip in the Market
While gold prices moved higher, silver showed weakness.
On the morning of March 12, silver was trading at around ₹2,89,900 per kilogram in Delhi.
Earlier, the metal had already fallen ₹4,275 (about 1.53 percent) to around ₹2,75,000 per kilogram.
In the international market, spot silver was trading at $86.69 per ounce.
Silver had crossed the ₹4,00,000 per kilogram mark in January, but prices have now declined again
. Because of this volatility, experts advise investors to remain cautious before making new investments in silver.