Gold prices remained elevated even as hopes of a diplomatic breakthrough in the Middle East improved investor sentiment. Domestic bullion prices continued to stay firm because of a weaker US dollar and expectations that central banks could maintain accommodative policies if inflation remains under control. Silver also witnessed steady buying interest from both investors and industrial users.
Market experts believe bullion prices may remain volatile in the near term. Any escalation in geopolitical tensions could strengthen safe-haven demand, while sustained progress in peace negotiations may encourage investors to shift towards equities and other riskier assets.
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