New Delhi: Gold and silver prices rose on Monday after three consecutive days of decline, supported by increased demand for safe-haven assets amid global economic and geopolitical uncertainties.
According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold increased by Rs 817 to reach Rs 1.60 lakh per 10 grams. On Friday, gold had closed at Rs 1.58 lakh per 10 grams.
Silver also recorded gains, with the price of one kilogram rising by Rs 2,080 to Rs 2.63 lakh. The metal had been trading at Rs 2.60 lakh per kilogram in the previous session.
Market analysts attributed the rise to growing geopolitical tensions in the Middle East, which have increased demand for traditional safe-haven assets such as gold and silver.
The ongoing tensions in the region have also pushed up crude oil prices, raising concerns about inflation in global markets. In such situations, investors often turn to gold as a hedge against inflation and financial uncertainty.
At the same time, volatility in global financial markets has further boosted interest in bullion investments. Analysts also noted that central banks in several countries, including India and China, have continued to add to their gold reserves.
Investment banking firm UBS said demand for gold remains strong globally. According to its estimates, central banks purchased around 863 tonnes of gold in 2025.
The firm expects this demand to increase further, with central bank purchases potentially reaching about 950 tonnes in 2026.
UBS also projected growth in investments through gold exchange-traded funds (ETFs), which could rise to around 825 tonnes.
Based on these trends, the firm said gold prices could continue to rise over the coming months. Its report suggests that gold may reach as high as $6,200 per ounce by the middle of 2026.
In rupee terms, analysts estimate that the price of gold could climb to around Rs 1.80 lakh per 10 grams if current global trends continue.
