Mumbai, June 12: Gold and silver prices climbed by up to 2% today as markets reacted positively to growing optimism around ongoing peace discussions in West Asia.
The rise in bullion came as investors balanced cautious sentiment with hopes of easing geopolitical tensions. Precious metals saw renewed buying interest, supported by their role as safe-haven assets during uncertain global conditions.
Gold extended steady gains through the session, while silver also strengthened, tracking the upward trend in bullion markets and broader investor sentiment.
Analysts said that while peace talk developments have improved market mood, uncertainty in the region continues to support demand for safe-haven assets.
Market participants expect continued volatility in precious metals as traders closely watch geopolitical updates and global economic signals.