Silver climbed to $76.12 per ounce, or about Rs2,33,628 per kg, up by 0.63%.
FinTech BizNews Service
Mumbai, 29 May 2026: In today's trading session, gold prices rose to $4,541.80 per ounce, translating to approximately Rs1,39,397 per 10 grams, marking a 0.94% increase, while silver climbed to $76.12 per ounce, or about Rs2,33,628 per kg, up by 0.63%. The uptick in precious metals is largely attributed to recent geopolitical tensions, particularly surrounding the Middle East, which have prompted investors to seek safe-haven assets. However, the market sentiment is tempered by UBS's recent downgrade of its 2026 gold price forecast to $5,500 per ounce, driven by concerns over high Treasury yields and a strong U.S. dollar, which are pushing some investors to reconsider their positions. Meanwhile, crude oil prices fell to $87.78 per barrel, down 1.26%, as traders reacted to fluctuations in demand projections amid ongoing economic uncertainties.
