Overview

• Gold prices in New Delhi surged by Rs 1,910 to Rs 98,450 per 10 grams on May 21, recovering from recent declines.
• Silver prices climbed Rs 1,660 to Rs 99,160 per kilogram, approaching the Rs 1,00,000 mark, with similar trends in other Indian cities.
• The rally follows Moody's downgrade of the US credit rating to 'Aa1', raising concerns about fiscal stability and boosting precious metals' appeal.
• Geopolitical tensions, including potential Israeli actions and Russia-Ukraine peace talks, continue to influence market volatility.
• Despite earlier corrections, gold remains a resilient investment, supported by cultural demand and global economic uncertainty.