
Gold prices witnessed a firm trend on Sunday, July 20, with the yellow metal trading higher in both domestic and international markets as investors continued to monitor global economic developments, inflation concerns and geopolitical tensions. Silver also remained in focus, with bullion markets reacting to movements in overseas markets.
Internationally, investors remained cautious as expectations over interest rates, inflation and global geopolitical developments continued to influence sentiment. Gold, traditionally viewed as a safe-haven asset, has remained volatile in recent sessions despite strong long-term demand. Analysts say traders are closely tracking crude oil prices, central bank commentary and macroeconomic data for fresh direction.
Silver prices also stayed elevated, supported by industrial demand and broader precious metals sentiment. Experts advise buyers planning jewellery purchases or investment to compare rates across reputed jewellers before making a purchase, as retail prices can differ from benchmark bullion prices.
With the wedding season and festive demand expected to pick up in the coming months, both gold and silver are likely to remain under close watch. Investors are also advised to look for BIS hallmarked jewellery to ensure purity and authenticity.
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