Mumbai, May 12: Gold and silver prices recorded strong gains on Tuesday as rising geopolitical tensions and global market uncertainty boosted demand for safe-haven assets.
Precious metals witnessed increased investor interest amid concerns over international conflicts, volatile crude oil prices and cautious sentiment across global equity markets. Analysts said heightened uncertainty has encouraged investors to shift towards traditionally safer investment options such as gold and silver.
Gold prices climbed nearly 1 per cent in domestic and international markets during early trade, while silver also posted significant gains supported by strong buying activity.
Market experts noted that fears surrounding global economic stability, inflationary pressures and disruptions in energy markets have strengthened the appeal of precious metals. Investors are increasingly viewing bullion as a hedge against volatility and geopolitical risks.
The upward movement in gold and silver prices also comes amid fluctuations in global stock markets and concerns over the impact of rising crude oil prices on inflation and economic growth.
Traders are closely monitoring developments in international markets, central bank policies and geopolitical events, which are expected to influence the direction of commodity prices in the coming sessions.
Analysts believe safe-haven demand may continue to support bullion prices if global uncertainty and market volatility persist.
