Mumbai, Dec 14 — The bullish momentum in gold and silver markets remains intact despite recent profit-booking by investors, analysts say. Both metals have recorded substantial gains in recent weeks, driven by global economic uncertainty, safe-haven demand, and expectations of potential interest rate cuts by central banks. Experts highlight that short-term corrections caused by profit-taking.
Gold price in India rises to Rs 1,24,794 per 10 grams due to safe-haven demand and a weaker dollar, but falls after the end of the US government shutdown.