Mumbai, June 4: Gold and silver prices traded higher in early sessions, supported by a weaker US dollar and renewed geopolitical uncertainties that boosted demand for safe-haven assets.
Investors turned to precious metals amid concerns over global economic stability and shifting geopolitical conditions, which have continued to influence market sentiment. The softer dollar also made bullion more attractive for international buyers, adding further upward pressure on prices.
Analysts noted that gold continues to benefit from its traditional role as a safe-haven asset during periods of uncertainty, while silver is also gaining traction due to both investment demand and industrial usage prospects.
Market participants are closely watching upcoming macroeconomic data and central bank signals, which are expected to guide further movement in precious metal prices in the coming days.
Overall, the trend reflects cautious investor sentiment, with bullion markets responding to global risk factors and currency fluctuations.