Finance Archives - Odisha Connect https://odishaconnect.com/category/finance/ We Deep Dive Into The News Sun, 12 Jul 2026 11:03:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.6 https://odishaconnect.com/wp-content/uploads/2022/11/cropped-OC_LOGO_web_NEW1-removebg-preview-32x32.png Finance Archives - Odisha Connect https://odishaconnect.com/category/finance/ 32 32 Post Office RD Scheme: Save ₹2,000 Every Month and Build a Fund of Over ₹1.42 Lakh in Five Years https://odishaconnect.com/post-office-rd-scheme-save-%e2%82%b92000-every-month-and-build-a-fund-of-over-%e2%82%b91-42-lakh-in-five-years/ Sun, 12 Jul 2026 11:03:48 +0000 https://odishaconnect.com/?p=11307

The Post Office Recurring Deposit (RD) Scheme offers a safe and government-backed way to build long-term savings. By investing ₹2,000 every month for five years at the current 6.7% annual interest rate, investors can accumulate an estimated maturity amount of ₹1.42 lakh.

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Building a sizeable savings corpus does not always require a large investment. By setting aside a small amount every month, investors can create a substantial fund over time through the Post Office Recurring Deposit (RD) Scheme, a government-backed savings plan that offers guaranteed returns.

The Post Office RD scheme is considered one of the safest investment options as it is backed by the Government of India. The scheme currently offers an annual interest rate of 6.7%, with interest compounded quarterly, making it suitable for individuals looking for disciplined, long-term savings.

₹2,000 Monthly Investment: How Much Will You Get?

If an investor deposits ₹2,000 every month in a Post Office RD account for five years, the total investment will be ₹1,20,000. At the current interest rate of 6.7% per annum, the maturity amount will be approximately ₹1,42,732, including around ₹22,732 earned as interest.

Who Can Open an RD Account?

Any Indian citizen can open a Post Office RD account. The scheme also allows:

  • Individual accounts
  • Joint accounts
  • Multiple RD accounts in the same person’s name
  • Accounts for minors through a guardian

Minimum and Maximum Investment

The scheme is designed to encourage regular savings and requires only a minimum monthly deposit of ₹100. Deposits can be made in multiples of ₹10 thereafter. There is no upper limit on the amount that can be invested, allowing customers to save according to their financial capacity.

Can the Account Be Closed Early?

The Post Office RD has a five-year tenure. However, premature closure is permitted under specified conditions. Account holders can also avail themselves of a loan facility against the RD account, enabling them to meet urgent financial needs without breaking their investment.

Why Investors Prefer the Scheme

The Post Office RD scheme is popular among conservative investors because it provides stable, government-guaranteed returns without being affected by market fluctuations. It also encourages financial discipline by promoting regular monthly savings, making it an ideal option for individuals planning for future financial goals.

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]]> Gold, Silver Prices Fall Sharply as Demand Weakens Amid Higher Import Duty https://odishaconnect.com/gold-silver-prices-fall-sharply-as-demand-weakens-amid-higher-import-duty/ Wed, 01 Jul 2026 13:13:40 +0000 https://odishaconnect.com/?p=11065

Gold and silver prices declined sharply on July 1 as higher import duties and weak consumer demand weighed on the market. With jewellery becoming costlier, gold demand has fallen significantly, prompting many consumers to sell old ornaments instead of making fresh purchases while investors remain cautious.

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Gold and silver prices witnessed a sharp decline at the start of July, reflecting weaker demand in both domestic and international markets. The latest price movement has prompted buyers and investors to adopt a cautious approach, while jewellers are reporting a slowdown in sales.

Gold and Silver Prices Decline

According to the latest market data released on July 1, international gold prices on COMEX fell by 1.19%, dropping $47.90 to trade at around $3,990.60 per ounce. Silver prices also declined by 2.63%.

In the domestic market, the Multi Commodity Exchange (MCX) mirrored the global trend. Gold prices dropped by nearly ₹1,155, trading at around ₹1,42,531 per 10 grams, while silver fell by approximately ₹3,810, reaching around ₹2,25,000.

Higher Import Duty Hits Demand

Market experts attribute the slowdown largely to the government’s decision to increase the gold import duty from 6% to 15%. With GST included, the overall tax burden on gold has crossed 18%, making jewellery significantly more expensive for consumers.

Industry estimates suggest that gold demand has fallen by nearly 70%. While demand stood at around 25 tonnes during the second week of May, it has now dropped to nearly 7.5 tonnes, indicating a sharp decline in consumer buying.

Consumers Prefer Selling Over Buying

A notable trend emerging in the market is the growing number of people selling old gold instead of purchasing new jewellery. Between April and June 2026, many households reportedly sold existing gold ornaments to capitalise on higher prices, amid concerns that prices could soften in the future.

Government’s Objective and Market Outlook

The Centre’s decision to raise import duty is aimed at reducing gold imports, conserving foreign exchange reserves, easing pressure on the rupee, and controlling the country’s import bill. However, analysts warn that higher duties could encourage gold smuggling, posing challenges for the organised jewellery sector.

Despite the current slowdown, market experts believe demand could recover if prices moderate further, particularly during the upcoming festive and wedding season. Until then, the gold market is expected to remain in a cautious “wait-and-watch” phase.

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]]> Gold and Silver Prices Fall Sharply on MCX, Silver Drops by Rs 33,000 in Five Days https://odishaconnect.com/gold-and-silver-prices-fall-sharply-on-mcx-silver-drops-by-rs-33000-in-five-days/ Thu, 21 May 2026 13:18:36 +0000 https://odishaconnect.com/?p=10169

Gold and silver prices witnessed a sharp correction on the Multi Commodity Exchange (MCX), with silver becoming cheaper by over Rs 33,000 in five trading days. Gold prices also declined significantly, although domestic bullion market rates showed a slight increase.

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Sharp Decline in Precious Metal Prices

Amid continuously rising prices of gold and silver over the past few months, a major correction has now been witnessed in the commodity market. Silver prices have suddenly fallen by more than Rs 33,000 within five trading sessions on the Multi Commodity Exchange (MCX), while gold prices have also registered a notable decline.

Market experts say the fall comes after the government’s decision to increase import duties on precious metals, including gold and silver. The development has triggered volatility in futures trading across commodity markets.

Silver Prices Witness Massive Correction

Silver prices on MCX have been falling continuously for the last three trading days. As futures trading opened on Wednesday, silver became cheaper by more than Rs 2,500 per kilogram in a single session.

According to market data, silver futures expiring on July 3 had touched Rs 3,00,238 per kilogram on May 13. However, the price sharply dropped to nearly Rs 2,66,850 per kilogram during Wednesday’s trading session.

Although some recovery was seen around midday, with prices rising by over Rs 2,000 per kilogram, silver still remains significantly below its recent highs.

Silver Now Far Below Record High

Silver prices are now trading much lower than their lifetime high recorded earlier this year. In January, MCX silver prices had crossed Rs 4 lakh per kilogram for the first time.

Compared to that record level, silver has now become cheaper by nearly Rs 1.9 lakh per kilogram. Analysts believe the recent correction reflects profit-booking, policy changes, and fluctuations in global commodity sentiment.

Gold Prices Also Start Falling

Along with silver, gold prices on MCX have also started declining. Gold futures had closed at Rs 1,59,080 per 10 grams on Tuesday but fell to nearly Rs 1,57,959 after futures trading resumed on Wednesday.

Over the last five trading sessions, gold prices have reportedly declined by around Rs 4,227 per 10 grams. On May 13, gold futures expiring on June 5 were trading at approximately Rs 1,62,186.

Gold Still Below Lifetime High

Gold prices are also trading significantly below their all-time high. Earlier this year in January, 24-carat gold on MCX crossed the Rs 2 lakh mark per 10 grams for the first time and touched a record high of Rs 2,02,984.

Compared to that peak level, gold prices have now fallen by nearly Rs 45,000 per 10 grams in futures trading.

Domestic Market Shows Different Trend

Interestingly, while MCX futures prices have declined, domestic bullion prices have moved upward.

According to the Indian Bullion Jewellers Association website, 24-carat gold prices increased from Rs 1,57,739 per 10 grams on Tuesday to Rs 1,59,077 on Wednesday.

Similarly, silver prices in the domestic market rose from Rs 2,68,040 per kilogram to Rs 2,68,713 per kilogram. Market reports indicate that prices have remained largely stable at these levels today.

Investors Closely Watching Market Trends

Commodity traders and investors are now closely monitoring global economic developments, import duty policies, and international bullion market trends to assess the future direction of gold and silver prices.

Experts believe volatility may continue in the coming weeks as global demand, inflation concerns, and currency movements influence precious metal markets.

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]]> Sensex Crashes 1,456 Points as Investors Lose Over Rs 11 Lakh Crore in a Day https://odishaconnect.com/sensex-crashes-1456-points-as-investors-lose-over-rs-11-lakh-crore-in-a-day/ Tue, 12 May 2026 15:44:16 +0000 https://odishaconnect.com/?p=9995

Indian stock markets witnessed a major crash as the BSE Sensex plunged 1,456 points and investors lost over Rs 11 lakh crore in a single day. Rising crude oil prices, geopolitical tensions, weak rupee value and foreign investor selling triggered heavy volatility in Dalal Street.

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Indian stock markets witnessed massive selling pressure on Tuesday as benchmark indices suffered sharp losses amid global uncertainty, rising crude oil prices and continued weakness in the Indian rupee.

The benchmark BSE Sensex plunged 1,456 points or 1.92 percent to close at 74,559.24 points. Meanwhile, the NIFTY 50 dropped 436 points to settle at 23,379.55 points.

Investors Lose More Than Rs 11 Lakh Crore

The sharp fall in the markets wiped out more than Rs 11 lakh crore of investors’ wealth in a single trading session.

Following the crash, the total market capitalisation of companies listed on the Bombay Stock Exchange declined to nearly Rs 456 lakh crore.

Over the last four trading sessions, the Sensex has fallen around 3,400 points or 4.4 percent, while the Nifty has declined nearly 4 percent. During this period, investors reportedly suffered losses of around Rs 17 lakh crore.

Market Capitalisation Sees Sharp Decline

On June 6, the total market capitalisation of BSE-listed companies stood at around Rs 473 lakh crore. However, the continued market decline has dragged it down to Rs 456 lakh crore.

Analysts believe a combination of domestic and global factors has triggered panic selling across sectors.

Global Tensions and Crude Oil Prices Impact Markets

One of the major reasons behind the market downturn is uncertainty surrounding the ceasefire situation between the United States and Iran in the Middle East.

Concerns over geopolitical tensions have pushed international crude oil prices above 107 US dollars per barrel, increasing fears of inflationary pressure on economies worldwide.

Weak Rupee and Foreign Investor Selling Add Pressure

The Indian rupee also weakened sharply against the US dollar and slipped to a record low level, adding further pressure on market sentiment.

At the same time, foreign institutional investors have continued pulling money out of Indian equity markets, contributing to the heavy decline in Dalal Street.

PM Modi’s Fuel Consumption Appeal Also Draws Attention

Market experts also pointed to Prime Minister Narendra Modi’s recent appeal urging citizens to reduce petrol and diesel consumption amid rising global energy concerns.

The statement has added to worries over increasing fuel prices and their possible impact on economic growth and consumer spending in the coming months.

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]]> Odisha Positions Itself as India’s Next Industrial Growth Engine at Ahmedabad Roadshow https://odishaconnect.com/odisha-positions-itself-as-indias-next-industrial-growth-engine-at-ahmedabad-roadshow/ Wed, 06 May 2026 12:30:57 +0000 https://odishaconnect.com/?p=9851

At an investors’ roadshow in Ahmedabad, Chief Minister Mohan Charan Majhi positioned Odisha as the next major hub for industrial growth in eastern India. Highlighting the ‘Purvodaya’ vision, he invited industries to invest in the state, citing strong infrastructure, strategic location, and a business-friendly environment.

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CM Mohan Charan Majhi Sends Strong Investment Message

At the Odisha Investors’ Meet roadshow held in Ahmedabad, Chief Minister Mohan Charan Majhi delivered a bold and forward-looking message, stating that while Gujarat has enriched western India, Odisha is now fully prepared to drive growth in eastern India.

He emphasized that Odisha, with its rapid development and strategic planning, is creating vast opportunities for industries and offering a competitive and investor-friendly environment.

‘Purvodaya’ Vision to Drive Eastern India’s Growth

Highlighting the ‘Purvodaya’ initiative, the Chief Minister described it as a key step toward transforming Odisha into a major hub of industrial growth in the coming years. He noted that balanced development between eastern and western India is essential for the country’s overall economic expansion, and Odisha is set to play a central role in this transformation.

Strong Industry Participation Reflects Rising Confidence

The first day of the Gujarat visit saw enthusiastic participation from leading industrialists and business associations. Addressing over 500 industry representatives, the Chief Minister said the growing interest reflects increasing confidence in Odisha’s industrial ecosystem.

He added that the rise of eastern India will significantly contribute to India’s broader economic progress.

Call for Investment and Collaborative Growth

“We have come to Gujarat with a clear message — Odisha is ready to lead the next chapter of India’s industrial growth,” said Majhi, inviting industries to invest in the state and partner in driving national prosperity through shared growth.

High-Level Delegation and Strategic Discussions

The delegation included Industries Minister Sampad Chandra Swain, Chief Secretary Anu Garg, and senior officials like Hemant Sharma. The roadshow featured sector-specific discussions, including textiles and handlooms, along with direct interactions between investors and government representatives.

The Chief Minister also chaired 26 one-to-one meetings with industrial leaders, discussing investment opportunities and policy support.

Textile Sector and Cultural Linkages Highlighted

During discussions on textiles, Majhi highlighted the deep cultural and economic ties between Odisha and Gujarat. He noted that from Jagannath Temple in Puri to Dwarkadhish Temple, the two states share a strong cultural connection.

While Gujarat leads in the textile sector, Odisha is rapidly emerging with a skilled workforce and a supportive industrial environment.

Geographical Advantage and Global Connectivity

The Chief Minister also underlined Odisha’s strategic geographical advantages, including its long coastline and port infrastructure, which provide strong connectivity to global markets and enhance its attractiveness for investors.

Odisha Emerging as a Future-Ready Industrial Hub

Industries Minister Sampad Chandra Swain stated that with strong infrastructure, port-based connectivity, and stable policies, Odisha is positioning itself as a future-ready industrial hub.

The successful Ahmedabad roadshow has further strengthened Odisha’s presence on India’s industrial map.

Continued Investment Outreach Across India

Following successful engagements in multiple cities, the Odisha government will continue its investor outreach initiatives to accelerate industrial growth. With a clear vision, robust governance, and strategic positioning, Odisha is steadily emerging as a leading industrial powerhouse in eastern India.

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]]> RBI Moves 104 Tonnes of Gold to India Amid Global Uncertainty https://odishaconnect.com/rbi-moves-104-tonnes-of-gold-to-india-amid-global-uncertainty/ Fri, 01 May 2026 12:36:04 +0000 https://odishaconnect.com/?p=9744

The Reserve Bank of India has moved over 104 tonnes of gold to domestic reserves, signaling a strategic shift amid global uncertainty. The move reflects a growing focus on strengthening financial security and increasing gold’s share in forex reserves

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Strategic Shift in Gold Reserves
In a significant move, the Reserve Bank of India (RBI) has transferred 104.23 metric tonnes of gold to domestic reserves, reflecting a cautious approach amid changing global geopolitical conditions. As uncertainty rises worldwide, countries are increasingly prioritizing the storage of gold within their own borders.

Gold Reserves See Marginal Increase
According to RBI’s latest report, India’s total gold reserves rose slightly to 880.52 metric tonnes by the end of March 2026, compared to 880.18 metric tonnes in September 2025. The transfer of gold from overseas vaults to domestic storage highlights a shift in reserve management strategy.

Repatriation of Gold Over Six Months
Over the six-month period ending March 2026, the RBI moved 104.23 metric tonnes of gold from its foreign holdings back to India. Typically, countries store part of their gold reserves abroad in institutions such as the Bank of England for security and trading purposes. However, the current global situation has prompted India to bring a larger share of its gold back home.

Changes in Foreign Exchange Asset Allocation
The RBI also reported a net forward asset position of $103.06 billion as of March 2026. There has been a slight shift in the composition of foreign exchange assets, with reduced investments in securities and deposits with foreign commercial banks, and increased deposits with other central banks and the Bank for International Settlements (BIS).

Out of the total foreign currency assets of $552.28 billion, $465.61 billion has been invested in securities. Additionally, $46.83 billion is held with other central banks and BIS, while $39.84 billion remains deposited with foreign commercial banks.

Gold Share in Forex Reserves Rises
The share of gold in India’s foreign exchange reserves has increased significantly due to rising global gold prices. As of March 2026, gold accounted for 16.7% of the total reserves, up from 13.92% six months earlier.

Domestic and Overseas Gold Holdings
The report highlighted that domestic gold holdings stood at 290.37 metric tonnes in March 2026. Meanwhile, 197.67 metric tonnes of gold remain stored securely with institutions like the Bank of England and BIS. Additionally, 2.80 metric tonnes are held as gold deposits.

RBI’s Cautious Approach Amid Global Tensions
The move to repatriate gold underscores RBI’s cautious strategy in response to evolving global uncertainties. With geopolitical tensions impacting global markets, strengthening domestic reserves is seen as a step toward ensuring financial stability and safeguarding national assets.

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]]> Gold and Silver Prices See Sharp Weekly Volatility; Both Metals Decline https://odishaconnect.com/gold-and-silver-prices-see-sharp-weekly-volatility-both-metals-decline/ Sat, 25 Apr 2026 12:44:53 +0000 https://odishaconnect.com/?p=9624

Gold and silver prices witnessed sharp volatility over the past week, ending lower despite minor gains on the final trading day. Both metals have significantly declined from their record highs, reflecting uncertain market trends.

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Significant Swings in Precious Metal Market
The past week witnessed notable fluctuations in gold and silver prices across domestic and futures markets. On the final trading day, Friday, silver futures on the Multi Commodity Exchange of India closed higher by ₹2,808 per kilogram, while gold registered a marginal gain. However, despite the late recovery, both precious metals ended the week on a weaker note overall.

Silver Records Steep Weekly Decline
Silver prices have shown high volatility in recent days, with sharp rises followed by steep corrections. Over the last five trading sessions, silver futures dropped by ₹12,821 per kilogram. On April 17, silver was trading at ₹2,57,142 per kg on MCX, but by Friday, it settled at ₹2,44,321 per kg.

Compared to its historical peak, the decline is even more striking. Earlier this year in January, silver prices had surged past ₹4 lakh per kg, reaching an all-time high of ₹4,39,337. From that level, silver has now fallen by nearly ₹1.95 lakh per kg.

In the domestic market, data from the Indian Bullion Jewellers Association shows that silver prices declined by ₹6,115 per kg during the week, closing at ₹2,43,825 compared to ₹2,49,940 on April 17.

Gold Prices Also Under Pressure
Gold followed a similar trend, declining over the week despite minor gains on the final trading day. Gold futures on MCX for the June 5 contract closed at ₹1,52,799 per 10 grams on Friday, slightly up by ₹100. However, this is down from ₹1,54,609 recorded on April 17, marking a weekly drop of ₹1,810 per 10 grams.

Gold too has retreated significantly from its peak levels. Earlier this year, it crossed ₹2 lakh per 10 grams for the first time, reaching a lifetime high of ₹2,02,984. At current levels, gold is cheaper by around ₹50,185 per 10 grams from its peak.

Domestic Market Mirrors Decline
In the physical market, gold prices also edged lower during the week. According to IBJA, 24-carat gold was priced at ₹1,51,655 per 10 grams earlier, and closed slightly lower at ₹1,51,475 by the end of the week.

Outlook Remains Uncertain
Market experts attribute the volatility to global economic cues, currency fluctuations, and changing investor sentiment. With ongoing uncertainties, gold and silver prices are expected to remain volatile in the near term.

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]]> Indian Rupee Weakens Against US Dollar Amid Global Oil Price Surge https://odishaconnect.com/indian-rupee-weakens-against-us-dollar-amid-global-oil-price-surge/ Thu, 23 Apr 2026 13:03:37 +0000 https://odishaconnect.com/?p=9594

The Indian rupee weakened further against the US dollar in early Thursday trade, crossing the ₹94 mark amid rising global crude oil prices and ongoing geopolitical tensions between Iran and the United States. Market pressure from increased oil import costs and limited RBI intervention has contributed to the currency’s continued decline, raising concerns over import inflation and economic stability

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The Indian rupee has once again come under pressure against the US dollar, reflecting renewed volatility in the foreign exchange market. On Thursday, early trading saw the dollar crossing the ₹94 mark, weakening the domestic currency further by 20 paise compared to the previous session.

Global Oil Prices Add Pressure on Currency

The depreciation is largely driven by rising international crude oil prices, which have surged above $100 per barrel amid ongoing geopolitical tensions between Iran and the United States. The lack of agreement on a ceasefire has kept global markets uncertain, directly impacting emerging market currencies like the rupee.

Forex Market Movement

In the previous trading session, the rupee had closed at ₹93.80 against the dollar. The latest movement shows a clear downward trend, with the exchange rate nearing ₹94 per dollar. This indicates that more rupees are now required to purchase a single US dollar, highlighting weakening currency strength.

Impact on Imports and Economy

Economists warn that a weaker rupee could increase India’s import bill, especially since the country heavily depends on imported crude oil. Higher fuel costs may also lead to inflationary pressure in the domestic economy. Additionally, foreign education and overseas travel expenses are expected to become more expensive for Indian citizens.

RBI’s Limited Intervention

According to market analysts, the Reserve Bank of India (RBI) has not actively intervened in the current phase of depreciation. Increased dollar demand from oil marketing companies has further intensified pressure on the rupee.

Experts note that while RBI intervention had previously helped stabilize the currency near ₹92.50 levels, recent global developments have reversed that recovery trend. The rupee had briefly strengthened earlier after a temporary easing of geopolitical tensions, but renewed uncertainty has again triggered depreciation.

Outlook Remains Uncertain

With crude oil prices remaining elevated and global geopolitical risks persisting, analysts expect continued volatility in the rupee’s movement in the coming days.

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]]> Stock Market Falls Sharply as Selling Pressure Hits Banking and IT Stocks https://odishaconnect.com/stock-market-falls-sharply-as-selling-pressure-hits-banking-and-it-stocks/ Thu, 23 Apr 2026 12:33:19 +0000 https://odishaconnect.com/?p=9580

Indian stock markets fell sharply as heavy selling in banking and IT stocks dragged indices lower, while global uncertainty and rising crude oil prices weighed on investor sentiment.

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Sensex and Nifty End Lower
The Indian stock market witnessed a sharp decline on Thursday, with the Bombay Stock Exchange Sensex falling 852 points to close at 77,664. The National Stock Exchange Nifty also dropped 205 points, ending the day at 24,173.

Heavy Selling Throughout the Day
The market remained under strong selling pressure during the entire trading session. Investors engaged in profit booking, particularly in banking and information technology stocks, leading to the overall decline.

Major Stocks سجل Losses
Several key stocks saw notable declines. HDFC Bank shares fell by 2 percent, ICICI Bank dropped 1.51 percent, Infosys declined 2.9 percent, and Tech Mahindra slipped 3.12 percent. Other losers included Trent, which fell 4.3 percent, Bajaj Finserv down 3.07 percent, and Shriram Finance declining 3.31 percent.

Pharma Stocks Show Strength
In contrast to the broader market trend, pharmaceutical stocks performed well. Dr. Reddy’s Laboratories gained 8.87 percent, while Sun Pharma rose by 0.49 percent, supported by increased investor buying.

Select Stocks Post Gains
Some stocks managed to stay in the green despite market pressure. Jio Financial Services rose 4.19 percent, Adani Enterprises gained 1.78 percent, and Apollo Hospitals increased by 1.45 percent.

Global Factors Weigh on Market
Market experts believe that rising crude oil prices in the international market, nearing 100 dollars per barrel, and ongoing geopolitical tensions involving Iran have created uncertainty, impacting investor sentiment.

Foreign Investors Add Pressure
Continued withdrawal of funds by foreign investors has further added pressure on the market. Additionally, recent market gains prompted some investors to book profits, leading to increased selling activity.

Sectoral Shift in Investor Sentiment
While investors are showing confidence in pharmaceutical stocks, there is visible selling in financial services and IT sectors, indicating a shift in market preference amid current global and economic uncertainties.

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]]> Gold and Silver Prices Surge Amid Market Volatility https://odishaconnect.com/gold-and-silver-prices-surge-amid-market-volatility/ Wed, 22 Apr 2026 13:21:25 +0000 https://odishaconnect.com/?p=9568

Gold and silver prices witnessed a sharp surge on Wednesday, with silver jumping nearly ₹6,000 per kg and gold also gaining significantly on the MCX. The rise comes amid global tensions and stock market volatility, pushing investors towards safe-haven assets despite both metals still trading below their all-time highs.

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Sharp Rise in Precious Metals Prices
Gold and silver prices witnessed a significant surge on Wednesday, even as volatility gripped the stock market. After declining for the past few days, silver prices jumped sharply by around ₹6,000 per kilogram, while gold also recorded a notable increase.

Global Tensions Drive Safe-Haven Demand
Despite a ceasefire between the United States and Iran, geopolitical tensions remain high, keeping global uncertainty elevated. Rising crude oil prices have negatively impacted equity markets, but safe-haven assets like gold and silver have gained momentum as investors seek stability.

Silver Sees Sudden Spike
On the Multi Commodity Exchange, silver futures showed a sharp rebound. After closing at around ₹2,50,698 per kg in the previous session, prices dropped at opening but quickly surged, rising by approximately ₹5,997 per kg.

However, silver still remains significantly below its all-time high. Earlier this year in January, silver had crossed ₹4 lakh per kg, reaching a record high of ₹4,39,337. Even after the recent rise, prices are still lower by nearly ₹1.88 lakh from that peak.

Gold Prices Also Climb
Gold prices also moved higher on Wednesday. On MCX, gold futures (June contract) had closed at around ₹1,53,699 per 10 grams in the previous session and gained further during early trade. Overall, gold prices increased by about ₹2,028 per 10 grams.

Below Record High Levels
Despite the latest rise, gold prices are still below their lifetime high. In January, gold had crossed ₹2 lakh per 10 grams for the first time, reaching a peak of ₹2,02,984. Compared to that level, current prices remain lower by around ₹49,000 per 10 grams.

Stock Market Under Pressure
While precious metals gained, the stock market showed signs of weakness. The BSE Sensex dropped nearly 800 points during early trade, while the NSE Nifty fell करीब 200 points, reflecting investor concerns amid global uncertainties.

Outlook Remains Uncertain
Market experts believe that continued geopolitical tensions and fluctuations in crude oil prices may keep volatility high. In such conditions, gold and silver are likely to remain attractive investment options for investors seeking safety.

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