International market pressure lift gold and silver rates in India

Amid heightened global geopolitical tensions and economic uncertainty, jewellers say gold and silver prices continue to surge, driven by strong demand and metal shortages in international markets.

- AGENCIES

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According to market experts, the ongoing shift by several countries from dollar reserves to metal-backed assets has further pushed precious metal prices upward.

A local jeweller said, “There is a clear divide between major global economic blocs -- one pushing a petrodollar model and the other moving towards a metal-based economy. Many countries have converted their dollar deposits into gold. This has increased the demand, and now even international deliveries are being postponed due to metal shortage.”