Gold and silver prices remained volatile as investors assessed changing global interest-rate expectations and geopolitical developments. While precious metals continue to serve as safe-haven assets during uncertain times, improving risk appetite in equity markets has limited sharp upside movement.
India’s recent increase in gold and silver import duty has also become a major talking point. The government expects the higher duty to reduce imports, support the rupee and help narrow the trade deficit, although jewellery manufacturers may experience higher input costs.
Commodity analysts expect bullion prices to remain highly sensitive to inflation data, central bank decisions and geopolitical headlines over the coming weeks.
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